24 April 2007 | Antony Barton
One of the world's largest privately owned print suppliers, Flint Group, is to acquire Day International, a manufacturer and supplier of printing materials.
American firm Day International will become a business unit of Luxembourg-based Flint Group. Flint says almost 8,300 employees will serve customers from 170 sales, service and manufacturing locations across five continents. It estimates combined revenues for this year of ?2.55 billion (£1.73 billion).
Dennis Wolters, who will remain CEO of Day International, said: "Combining Day International's range of products with those of Flint Group creates an exceptionally strong portfolio to support printers around the globe."
Dave Frescoln, CEO of Flint Group, added Day International's image transfer technologies could provide a strong avenue to market for all its products in conventional and digital printing.
The agreement was signed on 20 April and the deal is expected to be finalised within 60 days, subject to regulatory approvals.