Flint Acquires Printec Industries
- Published: October 06, 2016
ROGERS, MN | Flint Group has acquired Printec Industries, Marietta, GA. Printec manufactures and sells water-based inks for flexo and gravure applications to a group of key printers in the North American region.
Printec was founded in 1991 and is a key supplier of inks for high-end paper cups, plates, folding cartons, and other specialty applications. Flint Group’s Packaging & Narrow Web division manufactures and supplies inks and coatings to the Paper & Board, Flexible Packaging, Narrow Web, and Sheet-fed segments around the world. With the intent of expanding its packaging businesses in the North American region, the company recently acquired Advanced Color Systems (ACS) and American Inks and Coatings (AIC). The addition of Printec is another step in this strategic journey to support customers in this region, company says.
Doug Aldred, president of Flint Group Packaging & Narrow Web, says, “We warmly welcome the employees of Printec as they join the Flint Group family—we are extremely pleased with this addition to our growing packaging division in North America. As a key supplier of inks and coatings for high-end paper applications, Printec’s technology expertise and products, combined with the infrastructure of Flint Group, will benefit our current and future customers. We admire the business which Printec has built and look forward to working alongside them for further growth.”
Ray Stanley, president and co-owner of Printec Industries, says, “This partnership with Flint Group will add significant value for our customers in the long term. Flint Group is focused on reducing overall applied cost and providing solutions, which will benefit our loyal customers in the growth and stability of their businesses. Our customers can be assured that they will be working with a world-class company; Flint Group’s products and technical knowhow will be a great complement to Printec’s products and service.”
The transaction was signed and closed on Friday, September 30, 2016.
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