WILLSTAETT, Germany–XSYS, a global integrated solutions provider to the flexographic, prepress market completed the acquisition of the MacDermid Graphics Solutions business (MGS) from Element Solutions Inc.
Word comes six months from the date plans were released and stipulations were put to paper with signatures affixed.
The combined business will have a workforce of approximately 850 employees worldwide and annual revenues of $391.2 million.
“We are excited to announce the completion of this transformative combination and to join forces with our new MGS colleagues” said Dr. Alexander Unterschuetz, Group CEO of XSYS. “This transaction creates significant value and opportunities as a result of the complementarity of both businesses’ product portfolio, services, and employees, thus making us a more complete solution provider for our customers.”
He further commented, “This, together with the strengthened knowledge and resources of our dedicated technical support teams, will enable us to deliver even better products and services to our customers, who are at the center of everything we do”.
Product lines include plates, sleeves, processors, workflow solutions, surface screening software, plate mounting sleeves, washout solvents and expert professional services–all designed to help printers/convertersandtradeshopsincreaseinnovation, improve productivity and reduce environmental footprints.
