Flint Ink and XSYS to Merge

Dr. Christian Wildmoser, Managing Director of CVC, commented: "By building the second largest ink manufacturer in the world, Flint Ink, XSYS and CVC are creating a stronger competitor better placed to serve customers in a fragmented market, where size is of critical importance for the success of the business. We are continuing to globalise the businesses following the needs of our customers in the printing industry. The transaction will significantly strengthen the combined group's positions in each of its core inks segments. The two companies have a perfect regional fit with regard to operations in North America and Europe as well as a complementary product mix. Flint Ink's presence in Asia means that the merged entity will have a strong presence in the world's growth markets. The transaction puts the combined group in an excellent position to further drive growth to the benefit of customers, employees and shareholders."