Downgauging has resulted in a packaging weight reduction of 20 percent
Lintec Corporation in Japan has completed the acquisition of UK-based Lintec Graphic Films, having met all the conditions of the offer announced on November 28, 2016.
The acquisition agreement involves the purchase and transfer of all shares of Lintec Graphic Films to Lintec Corporation’s wholly owned European subsidiary, Lintec Europe, based in Amstelveen City, the Netherlands.
Lintec Graphic Films is a European supplier of specialist adhesive materials and films including, Lintec Corporation adhesive products for label, graphic, print and visual communication applications.
The purchase of Lintec Graphic Films by Lintec Corporation will see the sharing of its European marketing and support services and the integration of its broad distribution network with Lintec Europe to further accelerate and strengthen the growth and development of its customer base across Europe. Backed by the research and technical development capabilities of Lintec Corporation, this acquisition will also ensure existing and new customers have access to the very latest, market-leading products.
Commenting on the acquisition, Andy Voss, managing director of Lintec Graphic Films, said: ‘This acquisition heralds the start of an exciting new phase in the development of the Lintec brand on the European stage. Having worked closely with Lintec Corporation for a number of years, I am confident that our shared values, expertise and commitment to serving the market will enable us to explore and develop new opportunities for the future.’