Siegwerk acquires US-based Environmental Inks
The acquisition of EIC is in line with a clear strategy Siegwerk has defined for its North American business portfolio. “Like Siegwerk, EIC is known for consistently high quality, reliable technical sales representatives and exceptional individual service, especially in water-based technology,” explains Ansgar Nonn, President Siegwerk NAFTA. “EIC is well positioned to capitalize on excellent growth prospects, particularly in the segment of self-adhesive labels. EIC is the ideal match between Siegwerk's strategic needs and the existing competencies in the group.”
Today, a large portion of Siegwerk USA’s market share involves Flexible Packaging customers operating wide-web printing presses. Almost 80 percent of 2009 revenues were realized in this customer segment, which is dominated by solvent-based ink technology. Together with Siegwerk's recognized competencies in UV based inks, the combined businesses will be the market leader in narrow-web labels, offering state-of-the-art solutions across the whole technology spectrum.
EIC had sales of approximately $40 million in 2009. It operates entities in the U.S. and Canada and employs 170 people. EIC is the market leader in the narrow-web segment in the U.S., serving the packaging and label manufacturing industries with water-based and energy curable inks and coatings.
Contact Marketing Siegwerk NAFTA (Des Moines, IA, USA)
Contact Corporate Communications (Siegburg, Germany)
Phone: 0049 (0)2241-304-979
Fax: 0049 (0)2241-304-330