Business News
Flint Group Agrees to Sale of European Publication Gravure Ink Business
Friday 05. August 2016 - Flint Group has today confirmed that it agreed with Sun Chemical to sell its European publication gravure ink business to Sun Chemical in a deal which will include transfer of all product portfolios relating to Flint Groups European publication gravure product range.
Flint Groups decision to sell its European publication gravure business is in line with the organisations long-term strategy to increase focus on its core web offset markets, where it continues to build on its market position – as evidenced by the recent purchase of Siegwerks global web offset business and expansion of its global Print Media business.
“We are pleased to have reached this agreement with Sun Chemical – securing the long term supply for our publication gravure customers in Europe,” said Tony Lord, General Manager Print Media Europe, Middle East and Africa / VP European Operations. “After completion Flint Group will work closely with Sun Chemical to ensure that the transition is completed with minimal disruption for our customers.”
Completion is still subject to customary closing conditions, including approval by the competition authorities. Until such time as approval is granted, Flint Group and Sun Chemical will continue to manage their European publication gravure businesses independently and without impact to customers, employees or suppliers.
Flint Groups Publication Gravure customers outside of Europe will remain unaffected by these changes with business continuing as usual.