Flint Group moved to acquire toner press maker Xeikon N.V. with an agreement to purchase XBC B.V., a company that holds more than 95 percent of the shares in Xeikon. The acquisition remains subject to customary closing conditions and is expected to close before the end of 2015.
Headquartered in Eede, Netherlands, with Belgian operations in Lier, Ieper and Heultje, Xeikon also develops consumables for its presses used in packaging, label and commercial printing operations.
Flint explains Xeikon’s products and services will become the foundation of a newly created division to be called Flint Group Digital Printing Solutions. “This acquisition represents an excellent opportunity for Flint Group, propelling the organization further into the digital solutions market, where we will continue to deliver on our long term strategy of driving growth through product innovation, focus on developing markets and portfolio expansion,” said Antoine Fady, CEO Flint Group.
Wim Maes, CEO of Xeikon, will become President of Flint Group’s Digital Printing Solutions division, reporting to Antoine Fady. “Xeikon has shown that dedication to the digital label, folding carton, commercial and document printing market segments has paid off in terms of market share, customer satisfaction and financial contribution,” said Maes. “This next chapter in our more than 20-year existence opens many opportunities for Xeikon as a company, as well as for our customers, employees, partners and stakeholders.”
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