Absolute, a UK-based manufacturer of carbon fiber doctoring systems, has been acquired by Pamarco Global Graphics.
“We are delighted to bring Absolute into the Pamarco family," says Terry Ford, president and CEO of Pamarco Technologies LLC."It is our second acquisition in 12 months and under Antony Whiteside's leadership, and with Pamarco’s capital investment program we see tremendous growth opportunity. Absolute is a perfect fit for Pamarco, and we see both companies benefiting from the deal."
Antony Whiteside commented “Absolute has made great progress since the company was originally formed in 2000. It is now the generic brand for carbon fiber doctoring systems and one of the most recognized brands in flexo doctoring systems Worldwide."
This purchase will allow Absolute to enter a new phase of expansion, with additional products to be added to the 2G dual blade chamber, the UniBlade and the InkSave ink recovery system. It will also provide the resources to rapidly increase the manufacturing facilities in the UK.
All the existing staff will remain with the company, and the companies say recruitment is progressing well to increase both the production and technology departments in order to fulfill "significant increases in orders" and continue development of the next range of products.