Siegwerk, a supplier of printing inks for packaging applications and labels, has signed a contract to purchase UK-based Hi-Tech Products toexpand its product and service offering for the packaging market.
The integration of the acquired products into Siegwerk’s water-based ink offering will enable customers from Hi-Tech Products Ltd to benefit from a more comprehensive product portfolio and the wider technological expertise offered by Siegwerk as well. Both companies target their solutions specifically at the customer’s individual needs. This perfect cultural fit will support a smooth transition and will simplify the integration process going forward.
Dirk Weissenfeldt, vice president, paper & board and liquid food packaging, Siegwerk, said: “Hi-Tech Products Ltd is an established and well-known water-based ink supplier in the UK. The company’s ink solutions and coatings perfectly complement our water-based ink portfolio. This merger enables us to expand our local footprint in the UK and therefore to continue raising our profile as a supplier of water-based printing inks in Europe.”
Wade Brealey, managing director, Hi-Tech Products, added, “Over the last years we have built a solid company with innovative technology and excellent customer service. I’m convinced that Siegwerk can integrate our offering into their larger structure and thus advance it on the market. After 12 years, I would like to thank all of our customers for their support and to our staff for the many years of dedicated service. In the future, we hope to spend more time closer to our family in New Zealand.”
The acquisition of Hi-Tech Products Ltd follows other strategic investments and disinvestments that Siegwerk has completed to enhance its position as a full-range provider for the packaging market. In 2016 Siegwerk, for example, purchased ACTEGA Colorchemie (today Siegwerk Buedingen) and opened a new Blending Center for the production of water-based inks at its Technical Center in France. These investments have enabled the company to enhance its water-based ink business in line with its goal of clearly devoting its resources to the markets of tomorrow and focus on its core business in packaging printing.The parties have agreed not to disclose any financial details.
