US Koch Industries, Goldman to acquire ink firm Flint Group from CVC

10 April 2014 15:41  [Source: ICIS news]

HOUSTON (ICIS)--Goldman Sachs and a subsidiary of US industrial group Koch have agreed to buy ink maker Flint Group from private equity firm CVC Capital Partners for an undisclosed sum, the companies said in a joint statement on Thursday.

Flint Group is described as a leading global supplier of inks and other printing products and chemicals. It operates 137 sites in 40 countries and has 6,600 employees. According to information on its website, Flint had revenues of $2.9bn last year.

Flint Group was created in late 2005 by the union of XSYS Print Solutions and Flint Ink. XSYS was formed in 2004 as a combination of Sweden's ANI and the printing systems business of German chemicals major BASF. Flint Ink, for its part, was founded in the US in 1920.

Koch and Goldman expect to complete the acquisition within the current second quarter.

By: Stefan Baumgarten
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