Home' FLEXO Magazine : February 2016 Contents Sun Chemical to Acquire
Colmar Inks Corp.
PARSIPPANY, NJ---Sun Chemical has
entered into a de nitive agreement to acquire
certain assets and liabilities of Colmar Inks
Corp. based in Ontario, Canada. Colmar's
customer lists, contracts and nished inven-
tory will be included in the acquisition. e
transaction is expected to close during the
rst quarter in 2016. Colmar is a manufactur-
er of liquid inks and coatings for the corru-
gated and paper packaging market as well as
specialty inks for the rod coatings market.
"Our customer relationships are our most
treasured asset and we are excited about the
opportunity to serve these new customers
with the expanded capabilities of Sun Chem-
ical's global technology base," said Charles
Murray, president, North American inks,
Sun Chemical. e acquisition will allow Sun
Chemical to expand its liquid ink customer
base in Canada and further strengthen its
market position as the leading supplier of
lithographic, exographic, and gravure inks
and coatings in the region.
Business from Cenveo
STAMFORD, CT---Cenveo, Inc. announced
that its wholly owned subsidiary, Cenveo
Corp., and certain of its other subsidiaries
have entered into a de nitive agreement to
sell its packaging business to a division of
WestRock Co., a leading provider of paper
and packaging solutions in consumer and
corrugated markets globally. e sale involves
six facilities located in the U.S., Canada and
Dominican Republic along with strategic
sourcing partnerships in Asia and the Carib-
bean that provide folded carton, shrink sleeve
and lithographic laminated display packaging
e cash purchase price for the packaging
business is approximately $105 million,
subject to certain adjustments set forth in
the agreement. e transaction is subject to
regulatory approval and is expected to close
in early 2016.
Deluxe Packages Acquired by Amcor
YUBA CITY, CA---Amcor has acquired Deluxe Packages, a privately owned exible packag-
ing business which will form part of the company's newly formed exibles Americas business
group. "North America is an attractive region for exible packaging and this acquisition
represents an excellent opportunity to accelerate pro table growth," said Amcor CEO and
Managing Director Ron Delia. "With the addition of Deluxe Packages, Amcor's customer value
proposition in the specialty food packaging segment is strengthened with a combined East and
West Coast footprint. is acquisition will enhance growth in priority segments and generate
Deluxe Packages provides high performance exible packaging products to customers in the
fresh food and snack segments. It operates one well invested manufacturing plant in Yuba
City, CA with, "attractive technologies, capabilities and highly skilled coworkers," according to
Amcor, which has paid $45 million for the business.
Inovar Packaging Group Acquired by AEA Investors
ARLINGTON, TX---AEA Investors has acquired Inovar Packaging Group, in partnership
with the company's management and John Attayek, its new CEO.
Headquartered in Arlington, Inovar Packaging Group is a converter of prime labels and ex-
ible packaging, and serves blue chip customers within a diverse set of end markets including,
among others, health and personal care, nutraceuticals, industrial, pet food and supplies, and
food and beverage. e company also printed a cover project for FLEXO, in partnership with
John recently ser ved as CEO of Tapp Label, a specialty prime label converter within the wine
and spirits end markets. Prior to Tapp Label, he spent 18 years at York Label, building one of
the largest pressure sensitive label converters in North America. He also worked with Avery
Dennison in the early 1990s for a short period.
"We are honored to become part of the AEA family," commented John. " is partnership with
AEA will allow us to continue to build our business organically and through future acquisi-
tions. We recognize this investment is the result of the hard work and dedication of all of Ino-
var's employees and the ongoing support of our customers and vendor partners. We take pride
in the service we provide our customers and will work hard to continue to earn their business
and grow with them, which is our primary focus."
Graphic Packaging International to Acquire
Walter G. Anderson Folding Carton Operation
ATLANTA, GA---Graphic Packaging International has entered into an agreement to acquire
100 percent of the outstanding equity of U.S. folding carton manufacturer Walter G. Anderson.
WG Anderson has a focus on store branded food and consumer products markets. e
company operates two sheet fed folding carton converting facilities, located in Hamel, MN and
Newton, IA. e WG Anderson deal follows the completion of Graphic Packaging's takeover
of Mexico's G-Box and it entering a deal to acquire Australia's Colorpak.
" e acquisition of WG Anderson is a continuation of our strategy to grow in attractive ge-
ographies and end markets," said Michael Doss, Graphic Packaging president and CEO. " e
addition of these two state of the art converting facilities enhances our leadership position in
the key North American food and consumer product markets. We are also very pleased to wel-
come Marc Anderson, president and CEO of WG Anderson, and his highly talented workforce
to the Graphic Packaging team."
16 FLEXO | FEBRUARY 2016
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