Flexo Market News - January 11th Edition

An N.V. Publication FLEX

January 11, 2016

Vol. 18 No. 1

Market News

®

Fortis Acquires Smithfield Plant Serving The Flexographic Printing Industry In Print and Online at www.nvpublications.com Amcor Acquires Deluxe Packages by Greg Kishbaugh

Fortis Solutions Group acquired Smithfield Foods, Inc.’s label print- ing plant. The plant, based outside of Kansas City, Missouri, provides pressure sensitive prime, promo- tional and thermal labels to a num- ber of Smithfield Foods facilities as well as third party customers. It will operate under the Fortis Solutions Group name. Sun Chemical Acquires Colmar Sun Chemical has entered into a definitive agreement to acquire cer- tain assets and liabilities of Colmar Inks Corporation based in Ontario, Canada. Colmar’s customer lists, contracts, and finished inventory will be in- cluded in the acquisition. The trans- action is expected to close during the first quarter in 2016. Colmar is a manufacturer of liquid inks and coatings for the corrugat- ed and paper packaging market as well as specialty inks for the rod coatings market.

A new year has just begun and the packaging industry is al- ready seeing a host of major acquisitions. In one such devel- opment, Amcor, Hawthorn, Victoria, Australia, has acquired Deluxe Packages,Yuba City, California, a privately owned flexi- ble packaging business, which will form part of the company’s

newly-formed Flexi- bles Americas busi- ness group. Amcor repor tedly paid US$45 million for the business. Deluxe Packages was founded in 1969 when parent company Paper - board Packag ing

Corporation acquired the company in South Gate, California. In 1981, Deluxe Packages acquired Hobar Company in Red- wood, California, as well as the former Milprint plant in South San Francisco. Both of these facilities were combined into the company’s current Yuba City location in 1991. Deluxe Packages has a “superior” rating from the American In- stitute of Baking and utilizes Lean Manufacturing practices. Committed to sustainability, the company said it involves em- ployees, customers and vendors in the common goal of in- creasing environmental responsibility. The company utilizes zero VOC inks and adhesives in its man- ufacturing process and its equipment reportedly incorporates the latest technology for reduced power consumption. The company established an aggressive internal recycling

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