Flint Ink and XSYS Transaction Complete

Published: November 20, 2005, By pffc-online.com

PRESS RELEASE

ANN ARBOR, MI—The acquisition of Flint Ink by German-based XSYS Print Solutions was completed on September 30, 2005. The transaction closed following the August approval of the acquisition and subsequent merger by regulatory authorities in Europe and the U.S. The merger reportedly will lead to creation of a stronger, global supplier to the graphics and packaging industries with revenues of about $2.6 billion/₢2.1 billion (based on 2004 results). The new entity will have approximately 8,000 employees in 160 sites in 35 countries, and will rank as the number one or number two supplier in every major region it serves.

For more information, see xsys-printsolutions.com.