Flint Group to Acquire Day International.Transaction will strengthen position of global supplier of graphic arts graphic arts: see aquatint; drawing; drypoint; engraving; etching; illustration; linoleum block printing; lithography; mezzotint; niello; pastel; poster; silk-screen printing; silhouette; silverpoint; sketch; stencil; woodcut and wood engraving. consumables LUXEMBOURG -- Flint Group: * Combined group will offer unmatched portfolio of pressroom consumables, with revenues of approximately [euro]2.55 billion (US$ 3.32 billion) * Management view: a very positive step in the continued globalisation of the graphic arts supply industry * More than 8000 employees will serve customers from 170 sites Flint Group, the world's largest privately-owned supplier to the printing, converting, and graphic arts industries, has announced an agreement in principle to acquire Day International, a world leader in the manufacture and supply of printing blankets, sleeves, image transfer media and pressroom chemicals. Day will operate as a business unit of Flint Group, and the combined group will rank among the largest pressroom consumable A material that is used up and needs continuous replenishment, such as paper and toner. "The low-tech end of the high-tech field!" suppliers in every region it serves. Nearly 8300 employees will serve customers from 170 sales, service and manufacturing locations on five continents. Combined revenues for 2007 are estimated to be [euro] 2.55 billion (US $ 3.32 billion). The agreement was signed on April 20, with closing expected to occur in 30 to 60 days, subject to necessary regulatory approvals. Flint Group is owned by funds advised by CVC Capital Partners CVC Capital Partners is a European private equity firm. CVC was founded in 1981 as the European private equity arm of Citigroup, but after a buyout in 1993 it is owned by its management. In 1999, CVC established CVC Asia Pacific, which is a joint venture with Citigroup. and Flint management. Although its roots date back more than two centuries, today's Flint Group was created in 2005 by the combination of Flint Ink Corporation and XSYS Print Solutions. Founded in 1905, Day International has risen to global leadership through internal growth, new product development and a series of mergers and acquisitions. It is owned by funds advised by GSC GSC gas-solid chromatography. Group and Cowen and Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , and by Day management. "By combining the complementary product lines of the two companies, we are creating a stronger supplier with a significantly broader range of products for our customers around the world," said Dave Frescoln, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Flint Group. "In addition, Day's image transfer technologies provide a strong avenue to market for all of our products in both conventional and digital printing." "Combining Day International's range of products with those of Flint Group creates an exceptionally strong portfolio to support printers around the globe," stated Dennis Wolters, Day CEO, who will remain in that position. "The expanded organisation will be in a strong competitive position in the best sense, allowing customers to meet most of their pressroom needs from a single, trusted resource." About Flint Group Flint Group is dedicated to serving the global printing, converting, and graphic arts industries. Flint Group companies develop, produce and market a wide range of conventional and UV printing inks on a global basis, with regional operations that provide local service throughout Europe, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Asia, and India/Pacific. Other companies in the group include Flint Group Printing Plates, specialising in photopolymer A photopolymer is a polymer which is cured by exposure to light, often in the ultraviolet spectrum. These polymers are useful in dentistry for fillings and in rapid prototyping in the stereolithography and PolyJet processes. printing plates, and XSYS Print Solutions, specialising in narrow web inks. Flint Group Pigments produces a range of pigment products and additives for use in inks and other colourant A colourant is something added to something else to cause a change in colour. Colourants can be dyes, pigments, inks, paint, or chemicals. For example, this could be adding white to tint a paint, or black to shade a paint, ultimately changing the colour or value. applications. Headquartered in Luxembourg, Flint Group operates more than 140 facilities worldwide, and employs some 7,000 people. Revenues in 2006 were [euro] 2.14 billion ($US 2.79 billion), positioning the company as the number one or number two supplier in every major region it serves. For more information, visit our web site at www.flintgrp.com About Day International Day International is a privately owned company founded in 1905 in Dayton, Ohio Dayton is a city in southwestern Ohio, United States. It is the county seat and largest city of Montgomery County. As of the 2005 census estimate, the population of Dayton was 158,873. . The company operates production, sales, and distribution centres in North America, Latin America, Europe and Asia Pacific. Product lines include dayGraphica[R] printing blankets and sleeves, david M[R] printing blankets, Varn[TM] pressroom chemicals, Rotec[R] flexographic sleeve systems, dayCorr[R] diecutting blankets and day-Flo[R] pre-inked rolls. For more information, please visit our web site at www.dayintl.com |
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