Flint Group acquires Siegwerk's packaging ink business in Australia, NZ.

Flint Group has signed an agreement with Siegwerk Group on the acquisition of Siegwerk'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 25 Million [euro].

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.