Domino Printing Sciences has acquired Swiss-based manufacturer of digital inkjet equipment Graph-Tech. Already a minor stakeholder in the company, Domino has now secured the remaining 80.65% to become the 100% owner. The initial purchase price is CHF18.63 million (approximately £12.4 million) with additional contingent consideration up to a maximum of CHF10 million (£6.7 million).
Graph-Tech already supplies Domino’s K-Series product range and the new N600i full colour digital label press, as well as production line controllers and other digital printing equipment.
Nigel Bond, group managing director of Domino, comments: “We have built a profitable digital printing business based on Graph-Tech’s technology. The timing of our acquisition of the remaining shares in the business coincides with the successful introduction of our new digital label press products. We believe these products, combined with planned new developments, will provide us with significant opportunity to capitalise on the growth in use of digital printing technology, in both printing and packaging applications.”
Director of digital pinting solutions Philip Easton adds: “Having worked with the Graph-Tech team now for seven years, we believe they are currently the best and most innovative single-pass Piezo print head inkjet integrator in the market place. Besides Domino, a number of well known brands are currently using Graph-Tech’s technology, further supporting our claim. We expect this innovation to continue to deliver further ground-breaking solutions to serve the digital print and packaging market.”
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