Transfer of portfolios relating to Heatset and Newsink product lines

Flint Group to acquire Siegwerk’s web offset business

By
PSA Desk
-
81
Antoine Fady, CEO of Flint Group

Flint Group, a global solutions provider to the packaging and print media industries has issued a binding offer to Siegwerk to acquire their web offset business. This offer includes the transfer of all technical expertise and product portfolios relating to Siegwerk’s Heatset and Newsink product lines. “We are very excited by this transaction,” says Antoine Fady, CEO of Flint Group. “This investment confirms our long-term commitment to customers in these key market segments and reinforces our unique offering to the market of inks, pressroom chemicals and transfer media products. This commitment guarantees a long-term supply position for our Heatset and News Ink customers and further enhances our focus on the Print Media and Packaging markets across the world.” Siegwerk’s decision to sell its web offset business is in line with its strategy to focus on its core business in packaging printing, which is growing globally, and to further build its market leadership in 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 focussing on our core packaging printing business,” says Siegwerk’s CEO Herbert Forker. “It is here where we see significant growth opportunities particularly within the strongly accelerating Asian markets.”

All 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 Siegwerk’s web offset business after the sale. The Siegwerk publication gravure business, which manufactures printing inks for high-end magazines, catalogs and commercials, will be continued. Its long-standing expertise and high market share of around 45% in Europe give Siegwerk a strong market position in this area. Siegwerk will work closely with Flint Group to ensure that any handover of business is completed without disruption and that the same products and services for the customers of both companies are maintained throughout.

Packaging South Asia is the cooperating media partner for drupa 2016 which is scheduled to be held from 31 May to 10 June at Dusseldorf, Germany

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

It is the right time to support our high-impact reporting and authoritative and technical information with some of the best correspondents in the industry. Readers can power Packaging South Asia’s balanced industry journalism and help sustain us by subscribing.

– Naresh Khanna

Subscribe Now