EFI has acquired Rialco Limited, described as one of Europe’s leading suppliers of dye powders and colour products for digital print and industrial manufacturing industries.
Based in Bradford, UK, Rialco will now operate as part of EFI’s industrial inkjet business as the California company plans to expand its inkjet portfolio with Rialco’s ink component capabilities.
EFI explains the dye-sublimation ink market Rialco serves is one of the fastest-growing sectors of the global ink industry, based on new research from Smithers Pira forecasting 18.4 percent year-over-year growth in dye-sublimated material print volumes through 2021, and a greater than 100 percent increase in volume and value of dye-sublimated printed material in that same time frame.
Financial terms of EFI’s acquisition of Rialco were not disclosed, but the deal is not expected to be material to EFI’s Q1 or full-year 2016 financial results.
“The deal announced today gives EFI the platform to extend the technical advantages we provide to customers in the signage, textile, ceramics and other industries that are rapidly transitioning from analog to digital printing,” said Stephen Emery, VP of EFI’s ink business.
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