Flint Group has acquired Pine Bluff, Arkansas-based American Inks and Coatings (AIC), an investment that will help Flint Group’s long-range strategy to grow in key market segments worldwide.
This strategic acquisition combines two well-established suppliers of inks and coatings to the North American packaging industry, creating a strategic position for Flint Group and an enhanced position in the flexible packaging segment. With this investment, Flint Group will extend its reach and expand its product portfolio, strengthening its overall support of packaging printers in the North America region.
Doug Aldred, president, Flint Group Packaging & Narrow Web, says, “I am very happy to announce this acquisition which will further support our customers with best-in-class products and dedicated service. The investment by Flint Group is confirmation of its strategy and commitment to strengthen our foundation in paper and board and flexible packaging - both of which are key print segments for the company.
“By combining the technical innovations and product expertise of both Flint Group and AIC, we provide packaging printers in North America with a customer-focused inks and coatings supplier who can provide the best overall solutions. With our two companies coming together as one, we will create a business which can deliver what is needed by printers today and well into the future.”
Adds Michael Mosley, president, AIC: “Our customers will directly benefit from this partnership. We are combining two strong leaders in the packaging industry who are dedicated to customer success; we have a great opportunity to provide our customers with new solutions through increased people and product resources. AIC is looking forward to a successful future as part of Flint Group.”
Jerry Mosley, CEO of AIC, says, “American Inks and Coatings has become a leader in the North American packaging sector by listening to our customers and providing the products and services they need to grow their businesses. We have been committed to the thorough understanding of our customers’ manufacturing and quality control requirements through considerable investment in research and development. I am very pleased that our company will be joining Flint Group; we share the same philosophy of strong customer focus combined with product and service excellence.”
The transaction remains subject to customary closing conditions, including necessary regulatory approvals, and should be completed later in 2016.