News Sensient Technologies Acquires Xennia Sensient Technologies Corporation has reached an agreement to acquire the assets of Xennia Technology. The business is currently owned by Royal Ten Cate NV, a multi-national producer of functional materials headquartered in the Netherlands. Xennia reported revenue of approximately $11.0 million in 2014. The transaction is expected to close in the third quarter of 2015. Paul Manning, president and CEO of Sensient, said, “We are very excited about the expertise and opportunities that Xennia will provide. Xennia’s strong technical capabilities will broaden our product offering and accelerate our access to important customers and markets for our inks business.” MyPRINTResource.com/10718606 Main Tape Acquired by Nekoosa Holdings Nekoosa Holdings has acquired Main Tape Company. The addition of Main Tape to the Nekoosa Holdings portfolio, comprised of Nekoosa Coated Products, RTape Corp, and CET Films, expands the organization’s capability to develop innovative products and programs for their valued global customers, and serve a broader array of markets. Paul Charapata, CEO of Nekoosa Holdings, will lead the organization whereby Main Tape will operate as a division within Nekoosa Holdings. “This acquisition creates exciting growth opportunities for our employees, enhances our core product manufacturing capabilities, increases our ability to develop new product platforms, and provides expansion into new markets,” said Charapata. “Our entire team, with the amazing support of Wingate Partners, works hard every day to deliver on our mission statement ‘What’s New...’. The addition of Main Tape to Nekoosa Holdings is a direct result of this work, combining great organizations that share well aligned core values and a strong desire to grow with our marketplace partners.” MyPRINTResource.com/10231310 S2K Graphics Expands Management Team POP design and print innovation company S2K Graphics has announced the addition of Philip Hite to its management team. With more than 25 years of experience in the printing and logistics industries, Hite will be leading S2K Graphics’ business accounts as its director of national sales. MyPRINTResource.com/10007821 SII to Transfer Wide-Format Printer Business to OKI Data Seiko Instruments Inc. has announced that SII and OKI Data Corporation exchanged a memorandum regarding the transfer of the wide-format printer business owned by Seiko I Infotech Inc. (SIIT) to OKI Data. Both companies will pursue negotiations with a view to completing the business transfer by October 1st, 2015. SIIT has been highly regarded in the sign and graphics and engineering markets for its high product development capability of wide-format printers. In order for its wide format printer business to achieve further expansion and growth, the enhancement of global sales as well as its product portfolio is essential, therefore SIIT has been looking for an opportunity to realize these objectives through forming alliances with other companies. OKI positions entering into the high-value-added printer business domain as one of the major growth areas in its Mid-term Business Plan 2016 announced on November 12, 2013. OKI Data has built a strong reputation for its printers based on LED technologies featuring a high-resolution, compact design, and the capability of printing on special-purpose media. To achieve business growth within the professional printer market, OKI Data believes it must enhance its technology development capability and product portfolio as well as strengthening its sales channels in new product areas such as wide-format printers. MyPRINTResource.com/10007892 Gilman Brothers and Zünd Enter Into Strategic Alliance The Gilman Brothers Company and Zünd have entered into a strategic alliance. With the installation of the G3 Zund digital cutter at Gilman Brothers’ new Customer Experience Center (CEC), the two companies have created an symbiotic relationship. Gilman achieves the 24/7 use of a Zund cutter for testing of products on a variety of materials, and in return, Gilman Brothers offers Zund a sound manufacturing infrastructure where they will have an East Coast USA demonstration location and facility to better serve existing and potential clients. “Having a Zund at our HQ allows for immediate response to customer needs such as prototyping, design, comparison testing and unlimited flexibility working with designers around the globe,” said Bill VanHorn, director of sales, Gilman Brothers. MyPRINTResource.com/10005537 MyPRINTResource.com Wide-Format Imaging | July 2015 5
Wide-Format Imaging July 2015
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