CONCORD, ON—Flint Group has issued a binding offer to Siegwerk, a global ink manufacturer, to acquire its offset business. The offer includes the transfer of all technical expertise and production portfolios relating to Siegwerk’s Heatset and Newsink product lines.

We are very excited by this transaction,” Antoine Fady, CEO, Flint Group, said. “This investment confirms our long term commitment to customers in these key market segments and re-enforces our unique offering to the market of inks, press room chemicals and transfer media products. This commitment guarantees a long term supply position for our Heatset and News Ink customers and further enhances our strong focus on the Print Media and Packaging markets across the world.”

Selling its offset business will allow Siegwerk to focus on its growing core business in packaging printing. Siegwerk will also continue to build its market leadership inks and coatings for labels and flexible packaging where the company sees significant potential.

“To ensure the lasting success of our company, we need to clearly devote our resources to serving the markets of tomorrow. We will do so by focusing on our core packaging printing business,” Siegwerk’s CEO Herbert Forker, said. “It is here where we see significant growth opportunities particularly within the strongly accelerating Asian markets.”

The 76 permanent employees in Siegwerk’s web offset business will be offered a transfer into other areas within their Siegburg site with Flint Group intending to employ a core team from Siegwork’s web-offset business after the sale.

The company’s gravure business, which has a market share around 45 percent in Europe, will continue. Both company’s plan to work together, in order to avoid any during the transition.

Completion is still subject to customary closing conditions, including approval by the competition authorities. Until such time as approval is granted to proceed, Flint Group and Siegwerk will remain separate entities.