Goldman Sachs Merchant Banking Division and Koch Equity Development LLC have completed their acquisition of Flint Group from funds managed by CVC Capital Partners.
The deal was first announced in mid-April 2014, when Matthias Hieber, Head of Corporate Equity Investing for Goldman Sachs Merchant Banking Division, commented: “We believe Flint Group is uniquely positioned to capture growth in its attractive printed packaging markets while at the same time continuing to benefit from strong and resilient performance of its print media business.”
Flint Group is a global supplier of inks and other print consumables such as flexographic printing plates, blankets, image transfer products and chemicals for pressrooms. It controls 137 sites in 40 countries and employs around 6,600 people, which generated revenues of €2.2 billion (US$2.9 billion) in 2013.
“This is a great day for Flint Group employees, our customers and our suppliers,” stated Antoine Fady, CEO of Flint Group. “Following the acquisition by our new shareholders, Flint Group now goes forward with a much stronger capital structure and additional flexibility.”