Siegwerk has acquired Hi-tech Inks for an undisclosed amount. This corporate acquisition sees Siegwerk taking ownership of a specialized producer and supplier of Flexo and Gravure Inks for a wide array of printing applications. Hi-tech Inks holds a leadership position in supplying flexo and gravure inks to packaging industries across both domestic and international markets.
Established in Johannesburg, South Africa, in 1989, Hi-tech Inks has expanded its operations to Tanzania (2002), UAE (2003), and India (2007). The company is known for its commitment to superior service, adding value to customer businesses, and fostering long-term partnerships. It provides 24/7 technical support, including stand-by service for emergencies, and maintains a policy of ongoing technical development to continuously improve production and quality performance. The Indian and UAE operations, 100% owned and managed by Mr. Rajesh Mahajan and Mr. Karan Mahajan, have contributed to Hi-tech Inks Pvt Ltd becoming a fast-growing Indian ink company.
This strategic purchase by Siegwerk is set to significantly expand its market reach and product portfolio, particularly within the dynamic packaging ink sector. The acquisition leverages Hi-tech Inks' established leadership and specialized expertise in flexo and gravure inks, along with its robust service infrastructure and geographical presence across key emerging markets. The integration is expected to create synergies by combining Hi-tech Inks' regional strengths and customer-centric approach with Siegwerk's broader capabilities.
The combined entity is poised to enhance its competitive standing, offering an expanded range of high-quality ink solutions and technical support to a wider customer base. This move underscores Siegwerk's commitment to growth and strengthening its position in the global ink market, ensuring continued innovation and service excellence for its customers worldwide.