FMN | December 26th, 2016

An N.V. Publication FLEX

December 26, 2016

Vol. 18 No. 26

Market News

®

Serving The Flexographic Printing Industry In Print and Online at www.nvpublications.com

Flexo Industry Consolidates In 2016 by Greg Kishbaugh T he flexo industry continued its trend toward consolidation with enormous activity across a wide array of converters and OEMs during 2016. Additionally, the industry as a whole supported its growth through the purchase and installation of an impressive host of new, cutting-edge machinery. The first-part of Flexo Market News ’ exclusive review of some

CCL To Buy Innovia For $842 million Canadian label and packaging maker CCL Industries Inc. said it would buy Innovia Group for around C$1.13 billion ($842 million). CCL’s pro-forma annual sales are forecast to exceed C$5 billion after the deal, expected by the end of first quarter of 2017, the company said. Avery Dennison Buys Hanita Coatings Avery Dennison Corporation has agreed to acquire Hanita Coatings, a pressure sensitive materials manu- facturer of specialty films and lami- nates, from Kibbutz Hanita Coatings and Tene Investment Funds for the purchase price of $75 million, sub- ject to customary adjustments. Headquartered in Israel, with sales and distribution facilities in the Unit- ed States, Germany, China and Aus- tralia, Hanita Coatings develops and manufactures coated, laminated, and metalized polyester films for a range of industrial and commercial appli- cations, all of which require high performance and excellent quality.

Image: esko.com

of the most important news items of the past year, to be con- cluded in the next issue, focuses on the acquisitions and technol- ogy installations that drove the industry to new heights in 2016. Fortis Solutions Group acquired Smithfield Foods, Inc.’s label printing plant. The plant, based outside of Kansas City, Missouri, provides pressure sensitive prime, promotional and thermal labels to a number of Smithfield Foods facilities as well as third party customers. Reflex Labels , a UK-based label manufacturer, installed eight Mark Andy Performance Series presses. (Cont’d on Page 4)

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