Flint Group acquisition complete
By Canadian Packaging StaffGeneral Coding & Labeling Controls/Drives CVC Capital Partners Flint Group Goldman Sachs Merchant Banking Division Koch Equity Development LLC
Flint Group sold to Goldman Sachs and Koch Industries.
Luxembourg / Frankfurt / New York—Goldman Sachs Merchant Banking Division and Koch Equity Development LLC, announced the completion of their acquisition of Flint Group from funds managed by CVC Capital Partners.
The transaction will allow Flint Group’s management team to continue to pursue a greater presence in the printed packaging market while fortifying Flint Group’s leadership position in the print media sectors.
Flint Group is a leading global supplier to the packaging and print media industries, with a portfolio that spans inks, plates, blankets, pressroom chemicals and more.
The number one or number two supplier in most of the market segments it serves, Flint Group operates 137 sites in 40 countries and employs some 6,600 people.
“This is a great day for Flint Group employees, our customers and our suppliers,” says Flint Group chief executive officer Antoine Fady. “Following the acquisition by our new shareholders, Flint Group now goes forward with a much stronger capital structure and additional flexibility. With that, we can put greater momentum behind the strategies that have already made Flint Group an industry leader. Ultimately, that benefits everyone we do business with.”
For company information, visit www.flintgrp.com.