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FLEXO Magazine : May 2014
April 27 – BALTIMO RE / USA April 30 – BALTIMO RE / USA May 21 – BAD OEYNHAUSEN / GERMANY May 22 – BAD OEYNHAUSEN / GERMANY June 11-14 – BANGKOK / THAILAND June 25 – JAKARTA / INDONESIA September 17-18 – CHARLOTTE / USA September 18-21 – ISTANBUL / TURKEY September 26-30 – TAIPEI / TAIWAN Oct ob er 13 – JEDDAH / SAUDI ARABIA October 15 – RIYADH / SAUDI ARABIA October 20-22 – MINNE AP OLIS / USA November 14-17 – SHANGHAI / CHINA Enjoy 100% print quality! www.eltromat.de/en /worldtour2014 Be part of the show: twin_check 2.0 WORLD TOUR 2014 increasing Productivity and Q uality solutions iPQ_solutions More than 600 satisfied customers rely on our modularity: customers rely on our modularity: iPQ_2x9"_Nr8_GB_140307.indd 1 07.03.14 11:41 Koch Industries Subsidiary to Acquire Flint Group FRANKFURT, Germany; NEW YORK, NY—Koch Equity Development has agreed to invest with Goldman Sachs in a newly formed entity that will acquire Flint Group, a leading global supplier of inks and other print consumables such as flexographic printing plates, blankets, image transfer products and chemicals for pressrooms, to the packaging and the print media indus- tries. Flint Group operates 137 sites in 40 countries and employs some 6,600 people. The sale should be completed by the second half of 2014. “ The management team of Flint Group is excited about this planned new ownership, and the opportunities this now presents,” said Antoine Fady, CEO of Flint Group. “ The investment by Gold- man Sachs Merchant Banking and Koch is a clear vote of confidence in our vision, strategic plans, and ‘can do’ culture. Flint Group’s fundamental dedication to safety, sustainability, integrity and com- pliance will continue to form the founda- tion of all of our business activities.” “F lint Group is an exciting opportunity for Koch Equity Development,” added Brett Watson, managing director of Koch Equity Development. “F lint Group is a global leader with a clear strategy and a management team that has a consistent record of delivering results.” Goldman Sachs Merchant Banking Division and Koch Equity Development will support the strategy developed by the Flint Group’s management team as it pursues a targeted business mix evolution toward the more attractive and higher growth printed packaging market while maintaining Flint Group’s strong position in the resilient print media business. Fady indicated that the transition “ will be seamless for Flint Group’s custom- ers, employees and suppliers. Flint Group’s vision to be the print consum- able supplier of choice to the global packaging and printing industries will remain firmly in place. With its unique product portfolio and market-focused approach, Flint Group will continue to provide exceptional value to customers around the world.” Fusion Flexo Acquires Hughes Integrated PLAINWELL, MI—Fusion Flexo, LLC announced that it has acquired Hughes Integrated, Inc. The acquisition creates one of the premier flexographic printing plate manufacturers in the Midwest. Rob Hughes, president of Hughes Inte- grated, will be retiring from the business with the change in ownership. Fusion Flexo will continue to be locat- ed in Plainwell, MI allowing for same day delivery to the Kalamazoo, MI and Grand Rapids, MI markets. Company officials plan to retain all employees. “I am proud to lead the team at Fusion Flexo into the future,” said Fusion Flexo President and CEO Brian Ander- son. “A strong foundation was estab- lished at Hughes Integrated and we wish Rob success and happiness in his retirement. I look forward to expanding the footprint of our business at Fusion Flexo while at the same time exceeding our current customers’ expectations.” Fusion Flexo’s product offerings will include dig- ital and analog photopolymer printing plates, rubber printing plates, engravings, dies and matte film, as well as full prepress services and consulting. The company was founded by Brian Anderson in early 2014. Anderson was previously the director of finance at Hughes Integrated and brings many years of financial experience to the Fusion team. Fusion Flexo offers multiple plate materials from Kodak, Flint Group, DuPont, MacDermid and Asahi. Other products will include engravings, dies, rubber printing plates, matte film, color managed proofs, prepress services and consulting. 20 FLEXO | MAY 2014