Siegwerk, an international supplier of printing inks for packaging applications and labels, has signed a contract to purchase Ultra Inks.
The Canadian supplier of flexographic inks is located in Bois-des-Filion, Québec, and focuses primarily on water-based flexo inks for narrow web and paper and board applications.The parties have agreed not to disclose any financial details related to the acquisition.
With this acquisition, Siegwerk further expands its product portfolio for packaging and label printers while strengthening its local footprint in the Canadian market.
‘Ultra Inks is a well-established expert for packaging and label inks with a very strong local reputation, especially in Québec. The company is known for its highly personalized inks and services and therefore is a perfect fit to our Siegwerk family,’ said Dave Hiserodt, head of CUSA region at Siegwerk.
The acquisition enables Siegwerk to significantly expand its local footprint and build up its infrastructure and workforce to further grow in the region and across Canada.
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. The integration of Ultra’s inks into Siegwerk’s offerings will enable Ultra Ink customers to benefit from a more comprehensive product portfolio and the wider technological expertise.
‘We believe in partnerships that put the emphasis on clients’ needs, commitment to quality and product development and this is exactly what we have found in Siegwerk,’ said Frédéric Perrier,, CEO at Ultra Inks. ‘We are very glad to name Siegwerk the new owner of our company who will integrate our quality ink into a significantly larger structure and thus further advance it on the market. As far as service and support is concerned, Ultra Inks will maintain its high standards.’
Going forward, Siegwerk will continue to produce and serve customers from Ultra’s production site in Bois-des-Filion. Ultra Inks. will become part of Siegwerk Canada.
The acquisition of Ultra Inks follows other strategic investments that Siegwerk has completed in the packaging market. In 2017, Siegwerk had acquired Hi-Tech Products, a specialist supplier of water-based inks and coatings for paper and board located in the UK, as well as Van Son Liquids, 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.