Business News
Flint Group acquires Siegwerks packaging ink business in Australia and New Zealand
Wednesday 26. March 2008 - Flint Group has signed today an agreement with Siegwerk Group on the acquisition of Siegwerkss packaging ink business in Australia and New Zealand.
The agreement in-cludes the intangible assets, sales, marketing and distribution channels of Siegwerk in both countries. The product range embraces flexible packaging (film and foil), sheet-fed, decorating inks and coatings. The acquired business in Australia and New Zealand has annual sales of around EUR 25 Million.
The transaction is expected to close end of April 2008, subject to the Australian Competition and Consumer Commission approval. Financial terms have not been disclosed.