FMN | December 23rd, 2019

Flexo Market News

Year-End Review (Cont’d from Page 9)

Top Print I-Labels Technology , Chengdu, China, added an Omet XFlex X4 press. Part of a group of com- panies with headquarters in Singapore, the Chengdu facility, which opened in 2013, is complemented by plants in Suzhou and Chongqing, which employ 80 people.The 8-color X4 came equipped with cold foil, twin die stations,web turn bars, and delam/relam facil- ity, able to work to full capacity in the company’s new 6,000-square-meter factory. AWT Labels and Packaging closed on the acquisi- tion of Citation Clinical Labeling Systems , a global provider of clinical labeling since 1963, based in Haup- pauge, NewYork.The business is now owned by AWT and operates under the name of Citation Healthcare Labels. Citation provides clinical trial labels for phar- maceutical and biotechnology companies, clinical re- search organizations, and clinical packagers.The com- pany was founded in 1963 by the family of Richard Bolnick, who remained as President of Citation, as a diversified distributor of printing and labels. Nilpeter USA and Screen Americas , who an- nounced their partnership with the Panorama digital label printing platform, established a comprehensive go-to-market program to help label/packaging printers and converters take advantage of the flexibility built into the Panorama solution and profit from the synergy between the two companies.The Panorama one-source go-to-market program includes market evaluation, utili- zation analyses, ROI data consulting, plus sales, service and supplies. The Panorama product line consists of Nilpeter Flexo units, Screen digital inkjet presses and Nilpeter converting solutions that can be configured to fit customer needs, all inline, all from the Nilpeter and Screen coalition. Panorama can operate as a Stand- alone Digital Press solution, as a combined Digital Press and Converting Solution and as a hybrid that integrates flexo units, the digital press and converting solutions. Global packaging company Sonoco entered a de- finitive agreement to purchase the U.S.-based op- erations of Corenso Holdings America (CHA) for around $110 million in cash. Corenso produces uncoated recycled paperboard (URB) and high-per- formance cores for paper, packaging films, tape, and speciality industries. It generated net sales of ap- proximately $75 million last year.The company cur- rently operates an uncoated recycled paperboard facility in Wisconsin Rapids,Wisconsin, which has a production capacity of 108,000 tons per year. It also has two core converting facilities in Wisconsin Rap- ids and Richmond,Virginia. Fortis Solutions Group , a portfolio company of Main Post Partners, acquired Label Technology Inc. ,

Adheso-Graphics, Inc. www.adheso-graphics.com

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10 December 23, 2019 Flexo Market News

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