Siegwerk confirms transfer of its web offset business to Flint Group

Print Solutions

Siegwerk Druckfarben and Flint Group have received approval from the competition authorities to complete the planned transfer of Siegwerk’s Heatset and Newsink product lines to Flint Group.

Upon completion of the acquisition effective from June 30, 2016, Flint will take over Siegwerk’s web offset business. Technical expertise and product portfolios relating to the Heatset and Newsink product lines will be transferred. As a result of this acquisition, Siegwerk will no longer be involved in the web offset market. As part of a toll manufacturing agreement, Siegwerk will manufacture on behalf of Flint Group for the next three to six months to support a smooth transition for customers.

This transaction enables Siegwerk to pursue its long term strategy of focusing on its core business in packaging printing, which is growing globally. The company sees significant potential in inks and coatings for labels and flexible packaging and therefore is making every effort to further expand its market leadership in this area.

The transaction only includes Siegwerk’s web offset business. Its publication gravure business, which manufactures printing inks for high level magazines, catalogues and commercials, will continue.

The parties have agreed not to disclose any financial details.