As if by coincidence, Kodak’s arch-rival Fuji Photo Film Co. Ltd. is also pulling the plug on industrial and consumer photographic products. This time the target firm is an ink maker. Fuji has signed an agreement to acquire Sericol from an investment group led by Saratoga Partners (which had acquired it from BP Chemicals some years before). It has long been known for its screen inks and other consumables. About four years ago it expanded into the UV flexo inks sector.
Fuji-film plans to operate Sericol as one of the key business units within its printing business. The current management, including Ed Carhart, CEO, will remain with the company. The company’s global headquarters is in Broadstairs in England, and its main manufacturing facilities are in Broadstairs and Kansas City in the US. Other plants are located in Australia, India, China and Brazil, backed by offices throughout Europe and in Canada, Hong Kong, Japan, Mexico and Taiwan. The company has 1,200 employees worldwide.