Following the completion of the acquisition, the Domino brand and management structure will remain unaltered, with Domino Printing Sciences operating as an autonomous division within Brother Industries.
Brother cited the strength of Domino’s customer base across its coding and marking business, and its desire to develop the scope and coverage of the digital printing sector as key reasons for the acquisition.
Nigel Bond, Domino Printing Sciences chief executive officer, said: ‘Brother respects and values Domino’s brand equity, technologies and strategic vision for the business and the markets it serves. As such, the companies will be working closely together on natural growth opportunities, as well as explore collaborative possibilities to develop new products.
‘This is a very exciting time for Domino and the acquisition gives the business a solid foundation for the future. Domino will be able to leverage Brother’s size, manufacturing, and research and development (R&D) facilities, and sales networks to expand its global reach.
‘For Brother, Domino will bring opportunities in new market sectors, as well as a strong customer base built on long term relationships. Brother and Domino share the same values, including a robust commitment to R&D and reputation for quality and service, and we look forward to the successful results this union will yield.’
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