Siegwerk confirms acquisition of SICPA’s packaging ink business

The Siegwerk Group International, headquartered in Siegburg near Cologne (Germany), has closed its acquisition of the packaging ink activities of Swiss group SICPA Holding SA. This agreement took place on September 8 in London, after approval from the relevant antitrust authorities.
The new entity will be called Siegwerk Ink Packaging, an operating company of the holding company Siegwerk Group International. Siegwerk Group International also holds a second operating company, Siegwerk Ink Publication.
Siegwerk Ink Packaging’s product range includes ink for flexible packaging, tobacco packaging, labels, paper & board, sheet fed & UV and decorative applications.
SICPA Holding will retain its activities in security ink and security systems and will continue operating from its headquarters in Lausanne, Switzerland.

Herbert Forker, CEO of Siegwerk Group International, said the new company will focus strongly on the growth markets in Southern and Eastern Europe, Asia and Latin America. ‘In Asia, for example, market researchers are expecting the production of quality packaging products to increase tenfold by 2010. Similarly, consumer buying patterns in Southern and Eastern Europe are shifting towards increased purchasing of packaged goods. Thanks to our rigorous focus on quality packaging ink, we anticipate having a significant share in this growth.’
In the NAFTA region, Siegwerk Ink Packaging is also well-positioned through its 2003 acquisition of Color Converting (CCI).