Siegwerk Druckfarben AG & Co. KGaA (Siegburg, Germany), one of the leading international suppliers of printing inks for packaging applications and labels, has purchased Ultra Inks Incorporated (Encres Ultra Inc.). The Canadian specialist in flexographic inks is located in Bois-des-Filion, Québec, and focuses primarily on water-based flexo inks for narrow-web and paper-and-board applications. Both parties agreed not to disclose any financial details related to the acquisition. Ultra Inks was founded in 1996 and offers an extended range of flexographic products to the Canadian market. Following two acquisitions in the last 5 years, the copmany has become one of the most important Canadian manufacturers of quality inks.
With this move, Siegwerk further expands its product portfolio for packaging and label printers, while strengthening its local footprint in the Canadian market. “Ultra Inks is a well-established expert for packaging and label inks with a very strong local reputation, especially in Québec. The company is known for its highly personalized inks and services, and therefore is a perfect fit with our Siegwerk family,” said Dave Hiserodt, Head of the Canada and USA (CUSA) Region at Siegwerk. The acquisition enables Siegwerk to significantly expand its Canadian presence and build up its infrastructure and workforce to further grow in the province and across Canada. With this purchase, Siegwerk also continues to enhance its profile as a global supplier of inks for the labels and packaging markets.
“This purchase combines the best from both companies,” Siegwerk added. “Ultra Inks has more than 20 years of experience in the Canadian market and offers well-established, high-quality products. Siegwerk has an extensive global reach, better access to international raw material suppliers and key accounts, and a strong complementary narrow-web UV technology and ink portfolio. The integration of Ultra’s inks into Siegwerk’s broad offerings will enable Ultra Ink customers to benefit from a more comprehensive product portfolio and wider technological expertise.” Both companies said they intend to continue to target their solutions specifically to individual customer needs, while ensuring a smooth transition and a simplified integration process moving forward.
“We believe in partnerships that put the emphasis on clients’ needs, commitment to quality and product development – and this is exactly what we’ve found in Siegwerk,” said Frédéric Perrier, CEO of Ultra Inks. “We’re very happy to name Siegwerk the new owner of our company who will integrate our quality inks into a significantly larger structure, and thus further advance them in the marketplace. As far as service and support is concerned, Ultra Inks will continue to maintain its high standards.” Siegwerk will continue to produce and serve customers from Ultra’s production site in Bois-des-Filion, and Ultra Inks Incorporated will become part of Siegwerk Canada.
The acquisition of Ultra Inks follows other strategic investments that Siegwerk has completed recently to enhance its position as a full-range provider to the packaging market. For example, in 2017 Siegwerk acquired Hi-Tech Products Ltd., a specialist supplier of water-based inks and coatings for paper and board located in the U.K., as well as Van Son Liquids B.V., a Dutch manufacturer of high-quality water-based flexo and gravure printing inks. In the narrow-web segment, Siegwerk acquired the UV coatings business from Schekolin in 2017, and in 2018, the UV inkjet business from Agfa. Going forward, Siegwerk said that it will continue investing in strengthening its local markets, while expanding its offerings for the packaging market worldwide.