Flint Group has signed an agreement with Siegwerk Group to acquire Siegwerks’s packaging ink business in Australia and New Zealand. The agreement includes the intangible assets, sales, marketing and distribution channels of Siegwerk in both countries. The product range embraces flexible packaging (film and foil), sheetfed, 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 at the end of April 2008, subject to the Australian Competition and Consumer Commission’s approval. Financial terms have not been disclosed.