INX International Ink has entered into an agreement to acquire German Ruco Druckfarben. The transaction is expected to be completed by the end of the first half of 2020.
‘RUCO is an established and recognized ink supplier with considerable market experience and technical knowledge. Together with our global reach, product development and raw material sourcing capabilities, the new company will work to strengthen INX’s presence in Europe,’ said Peter Lockley, president of INX Europe.
According to Lockely, the integration will focus on combining technologies developed by both companies for the benefit of its customers. This investment will enable further portfolio advancements and expansion Ruco’s position as a supplier to the toy, pharmaceutical and packaging industries. Customers will have greater access to the technologies and best practices leveraged from the larger global presence of the parent company, Sakata INX.
‘We are very pleased that we have found a partner with INX who shares our values and wants to lead the Ruco Druckfarben brand into the future,’ said Heinz Walter Menke, owner and managing director. ‘The know-how of our employees in screen and pad printing optimally complements the portfolio of INX. Our customers can continue to rely on our commitment to combine best quality with excellent service.’
Once the transaction is finalized, Moritz Hartmann will take over as sole managing director and will manage the company with the current leadership team. He has been a member of the Ruco Druckfarben management team since 2015.