Flint Group has acquired American Inks and Coatings (AIC) based in Pine Bluff, Arkansas. This strategic acquisition creates a strategic position for Flint Group in the Paper & Board packaging segment and an enhanced position in the flexible packaging segment. With this investment, Flint Group seeks to extend its reach and expand its product portfolio in North America.
Doug Aldred, President Flint Group Packaging & Narrow Web, said, “I am very happy to announce this acquisition which will further support our customers with best-in-class products and dedicated service. The investment by Flint Group is confirmation of its strategy and commitment to strengthen our foundation in Paper & Board and Flexible Packaging – both of which are key print segments for the company.”
Jerry Mosley, CEO of American Inks and Coatings had this to say, “American Inks and Coatings has become a leader in the North American packaging sector by listening to our customers and providing the products and services they need to grow their businesses. We have been committed to the thorough understanding of our customers’ manufacturing and quality control requirements through considerable investment in research and development. I am very pleased that our company will be joining Flint Group; we share the same philosophy of strong customer focus combined with product and service excellence.”
Antoine Fady, CEO Flint Group, commented, “We are delighted to welcome the AIC team to Flint Group. Through our partnership, we will grow our service base with skilled experts and our innovation through extended product offerings. In addition to increasing our infrastructure in North America, we are now well positioned to offer additional support and innovation to global customers.”
The transaction remains subject to customary closing conditions, including necessary regulatory approvals, and should be completed later in 2016.
