By Jon Robinson
Brother Industries formally completed the acquisition of Domino Printing Sciences plc, having met all the conditions of the offer first announced on March 11, 2015.
Domino is a global developer and manufacturer of inkjet-based coding, marking and printing equipment, as well as the supply of aftermarket products and customer services. Brother Industries noted its desire to delve deeper into the inkjet printing sector as a key reason for the purchase.
Brother Industries indicates the Domino brand and management structure is to remain unaltered, with Domino Printing Sciences operating as an autonomous division within Brother.
“Brother respects and values Domino’s brand equity, technologies and strategic vision for the business and the markets it serves,” said Nigel Bond, CEO of Domino Printing Sciences. “As such, the companies will be working closely together on natural growth opportunities, as well as explore collaborative possibilities to develop new products.”
Founded in 1978, Domino now employs 2,600 people worldwide and sells to more than 120 countries through a global network of 25 subsidiary offices and more than 200 distributors. Domino’s manufacturing facilities are situated in China, Germany, India, Sweden, Switzerland, U.K. and U.S.
Brother Industries, based out of Japan, has more than 34,988 employees and generated just over $5 billion in revenues last year.