Sun Chemical to acquire Flint Group’s European publication gravure ink business

Sun Chemical is to acquire Flint Group’s European publication gravure ink business. Sun Chemical said the acquisition, which will include the transfer of all products, inventory and technology relating to Flint Group’s European publication gravure products, reflects its continued dedication to supporting this sector. The value of the deal was undisclosed.

Sun Chemical chief marketing officer and board member Felipe Mellado said: “The acquisition of Flint Group’s publication gravure ink business reaffirms our commitment to this sector and will enable us to further strengthen and enhance the performance of our own publication gravure plants. The acquisition of the Flint Group division was “a clear choice” because the market is shrinking and consolidation was needed. The transfer of additional production to the plants will enable it to increase efficiency and productivity.

Flint Group said its decision to sell its European publication gravure business is inline with its long-term strategy to increase focus on its core web offset markets.

Sun Chemical has not taken on any Flint Group employees but said it may look into employing some of its technicians or service staff at a later date.

The sale is expected in around a month’s time but it is subject to customary closing conditions, including the approval of the competition authorities.

Until the approval is granted Sun Chemical and Flint Group will continue to manage their European publication gravure businesses independently without impact on customers, employees or suppliers.