Fuji Photo Film acquires Sericol

Fuji Photo Film Co., Ltd. has signed an agreement to acquire Sericol from an investment group led by Saratoga Partners.  The deal is expected to close in late February.
Sericol is a producer of premium inks and other consumables for the screen-printing and narrow web industries. 
Fujifilm said: “The acquisition will further expand and develop Fujifilm’s printing business, one of the company’s core businesses into other areas of industrial and package printing which are expected to grow steadily in demand”.  Fujifilm plans to operate Sericol as one of the key business units within it’s printing business and that its current management, including Chief Executive Ed Carhart, will remain with the company. 
Ed Carhart commented: “We are very pleased and excited with this change of ownership.  Fujifilm is a well run, innovative, technology driven company with extensive resources that we will be able to draw upon to continue to grow all facets of our business.”
Sericol’s main manufacturing facilities are in Broadstairs, England and Kansas City, Missouri, USA. It has other plants in Australia, India, China and Brazil as well as offices in Austria, Canada, Czech Republic, France, Germany, Holland, Hong Kong, Japan, Poland, Mexico, Switzerland, Spain and Taiwan. The company has 1200 employees worldwide.