Siegwerk – Strengthening Canadian operations by acquiring Ultra Inks Inc.
GERMANY • With the acquisition of Canadian Ultra Inks Inc. (Encres Ultra Inc.), Siegwerk further expands its Canadian business while strengthening its local service, infrastructure and portfolio for label and package printers. The parties have agreed not to disclose any financial details related to the acquisition.
This purchase combines the best from both companies: 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 offering will enable Ultra Ink customers to benefit from a more comprehensive product portfolio and the wider technological expertise.
The acquisition of Ultra Inks Inc. follows other strategic investments that Siegwerk has completed to enhance its position as a full-range provider for the packaging market. In 2017, the company has for example acquired Hi-Tech Products Ltd., a specialist supplier of water-based inks and coatings for paper and board located in the UK, as well as Van Son Liquids, a Dutch manufacturer of high-quality water-based flexo and gravure printing inks.