Siegwerk – Ultra inks acquired
CANADA • With the acquisition of Canadian Ultra Inks Inc. (Encres Ultra Inc.), Siegwerk further expands its Canadian business. The Canadian company is located in Bois-des-Filion, Québec, and focuses primarily on water-based flexo inks for narrow web and paper & board applications. According to the company this acquisition enables Siegwerk to expand its local footprint and build up its infrastructure and workforce to further grow in the region and across Canada.
This purchase combines the best from both companies: Ultra Inks has more than 20 years of experience in the Canadian market and offers well-established high-quality products. Siegwerk has an extensive global reach, better access to international raw material suppliers and key accounts, and a strong, complementary narrow web UV technology and ink portfolio.
According to the company, the acquisition of Ultra Inks Inc. follows other strategic investments that Siegwerk has completed to enhance its position as a full-range provider for the packaging market. In 2017, Siegwerk has for example acquired Hi-Tech Products Ltd., a specialist supplier of water-based inks and coatings for paper & board located in the U.K., as well as Van Son Liquids B.V., a Dutch manufacturer of high-quality water-based flexo and gravure printing inks. In the narrow web segment, Siegwerk acquired in 2017 the UV coatings business from Schekolin and in 2018 the UV inkjet business from Agfa.
Siegwerk states that it will continue investing in infrastructures and the local development of competences all with the focus on strengthening its local market positions.
The parties have agreed not to disclose any financial details related to the acquisition.