Printing inks acquisition focuses on growth
INX International, North America’s third largest manufacturer of printing inks, recently signed an agreement to acquire Germany’s RUCO Druckfarben, A M Ramp & Co GmbH. The agreement is part of the future strategy of the long-established German company and it secures the succession of the current owners, the Menke family. The transaction is expected to be completed by the end of the first half of 2020. "We are very pleased that with INX we have found a partner who shares our values and wants to lead the RUCO Druckfarben brand into the future" said Heinz Walter Menke, owner and Managing Director of RUCO Druckfarben.
INX has built up a strong market presence over recent decades, especially in southern Europe and was looking to better serve customers in central and eastern Europe. "RUCO's excellent market position and the expertise of its employees as well as the opportunity to build up additional capacities at the Eppstein site convinced us" Peter Lockley, President of INX Europe added.
In the area of flexible packaging, both companies want to jointly expand their capacities and thus better meet increasing demand. "In addition, the knowhow of our employees in screen and pad printing optimally complements the portfolio of INX, which is not yet active in these areas" Heinz Walter Menke explained.
"By investing in the Eppstein site and advancing the portfolio, we want to expand RUCO Druckfarben's leading position as a supplier to the toy, pharmaceutical and packaging industries under the ownership of INX" Mr Lockley confirmed.
