Avery Dennison to acquire Hanita Coatings for $75m
Avery Dennison Corporation has agreed to acquire Hanita Coatings, a pressure-sensitive materials manufacturer of specialty films and laminates from Kibbutz Hanita Coatings and Tene Investment Funds for the purchase price of $75 million.
Headquartered in Israel with sales and distribution facilities in the United States, Germany, China and Australia, Hanita Coatings develops and manufactures coated, laminated, and metallised polyester films for a range of industrial and commercial applications.
Hanita Coatings’ window films are used in architecture and automotive aftermarkets; its top-coated polyester films are used in the manufacture of durable labels; and its ultra-high barrier films form part of insulation systems used in refrigeration, buildings and cold chain packaging.
With 2015 sales of roughly $50 million, Hanita Coatings currently employs more than 220 employees, most of whom are located at the company’s headquarters in Israel’s Western Galilee. The 33-year-old company generates sales in more than 40 countries.
Avery Dennison expects that completion of the transaction will take up to a few months, subject to customary closing conditions and approvals.
European Business Awards names Azonprinter as National Champion for Croatia
Azonprinter has been named a National Champion in The UKTI Award for Innovation category for Croatia due to its UV LED product range. The European Business Awards, sponsored by RSM; Europe’s largest business competition set up to celebrate business excellence and best practice in the European business community.
Established in Zagreb, Croatia in1991, the company was a distributor of sign and display hardware before switching to product design, development and manufacturing in 2006. Since then the company says it has successfully launched the most versatile and competitive UV LED ink jet product range on the market.
If you haven’t come across Azonprinter before, the firm manufacturers a wide variety of equipment for the sign and printing industry and has more than 80 distributors worldwide and covers different markets such as graphic and sign, textile, and embroidery.
One of its principal products for direct to substrate printing is the RAZOR that can print directly onto objects measuring up to 1200 mm in length, 330 mm in width and 200 mm in height, with a maximum printable area of 800 mm in length and 290 mm in width.
A built-in laser pointer allows for easy setup with the auto adjustable distance mode designed for flawless printing around the surface of curved objects where the variance in distance is 2 mm or less.
Check out what the RAZOR can do in the video below:
The RAZOR features AZON UV ink in CMYK, white and varnish for bright, saturated white images and text, and premium varnishing and embossing effects. The ink simulates varnishing and embossing effects, or can be layered into interesting patterns and textures in both gloss and matte finishes.
EFI unlocks African continent with Graphix Supply World
EFI has gained an important foothold in the African continent following a new distribution agreement between EFI and Graphix Supply World (GSW), a long-established South African wide format dealer, for the distribution of EFI's Wide Format, VUTEk and Quantum printer portfolio.
The move incorporates sales into a broad range of countries backed fully by Graphix Technical Support (GTS), a specialist technical company in the GSW Group.
The agreement coincides with EFI’s recent appearance at FESPA Africa, which took place in Johannesburg from September 7-9. The manufacturer showed off its EFI VUTEk GS3250lx Pro and VUTEk FabriVU 340 at the event, both of which are now available through Graphix Supply World.
GSW, who built its business on the back of Mimaki in the region, has offices in Cape Town, Johannesburg and Durban. This new agreement covers, and incorporates a broad range of countries, and GSW is now selling EFI's inkjet product lines in Zimbabwe, Botswana, Swaziland, Namibia, the Democratic Republic of the Congo, Tanzania, Mozambique, Rwanda, Kenya and Mauritius as well as in South Africa.
Wide format print is a fast-developing area in Africa's print industry, in traditional signage and graphics, and in emerging market applications such as fabric soft signage.
This new authorised distribution agreement is strategically crucial for EFI because display producers, sign makers and print service providers across Africa are making the transition from older inkjet technologies to equipment which utilises the latest ink formulations, including UV LED and textile options. GSW managing director Robert Franco thinks so too.
"EFI's broad product portfolio gives us the perfect range of wide format printers that covers every budgetary and production requirement. This enables us to provide new and existing customers with the most comprehensive choice from a single manufacturer,” says Franco. "Our customer base is becoming increasingly diverse in its needs. Our clients are now demanding the best inkjet technologies across, plus they expect from us robust, high-quality and reliable machines, which we will definitely be able to offer through this new partnership."
According to Paul Cripps, EFI's regional vice president of sales, “All of these areas are ripe for the migration to the latest printing technologies as the use of wide format digital printers of all types is escalating rapidly through these countries. GSW is the ideal partner for us as the company provides EFI with decades of solid experience, a growing customer base, and full technical back-up and support that focuses on industrial digital equipment and print to cut workflow solutions.”
SEDO joins Agfa UK’s sales channel
South East Drawing Office (SEDO) is expanding its wide-format print equipment portfolio after its appointment by Agfa Graphics to join its UK sales channel.
The vendor’s experience and excellent standing with businesses in the public sector were of particular interest to Agfa, whose Anapurna range of wide-format print machinery are now available via SEDO’s online and direct sales channels.
“The diversity of print needs in the public sector is expanding,” explains Andy McGuinness, director, SEDO. “Our clients in government, educational and technical print departments have signalled to us that they need to move beyond plan printing and CAD into new production areas. As a result they’re looking to bring back out-sourcing costs for internal and external signage, or exhibitions, which is driving demand for hybrid and flat-bed wide-format printers in equal measure.”
Steve Collins, Product Marketing and Channel manager for Agfa UK and Eire, recognises that advances in digital ink-jet now enable wide-format to serve a new user base. “Over the last decade we have seen print houses diversify from wider to narrower formats and vice versa,” he observes. “Agfa is delighted to welcome SEDO, a vibrant and growing business, to its reseller channel, to introduce a new set of businesses to the huge creative potential of the Anapurna series.”
“The superb structural engineering seen across Agfa’s wide-format range will be of real interest to our public sector customer base in particular,” adds McGuinness. “These are clients with no margin for error, so the consistency of the printer is absolutely key to delivery.”
“Agfa clearly understands the production demands of a variety of businesses and that shines through the Agfa Anapurna and Jeti ranges,” McGuinness concludes. “Bringing these machines into our portfolio shows that new companies are looking to broaden their creative output. We’re confident that SEDO and Agfa will be a superb partnership, supporting this creativity in the public sector, technical print departments and beyond.”
EFI announce EMEA financing with Netherlands-based DLL Group
EFI and its Dutch subsidiary EFI BV, Amsterdam, have announced a new agreement with Eindhoven, Netherlands-based DLL Group for equipment financing of EFI inkjet printers for signage and graphics, label and packaging, industrial textile and ceramic tile production.
The agreement, which covers EFI equipment sales in many European countries, will provide customers with new rental and leasing opportunities for EFI's VUTEk, Jetrion, Cretaprint, Quantum, Reggiani and Nozomi digital printer product lines.
Marc Olin, chief financial officer, EFI, says: "Access to finance is an important requirement for growth in our industries, and making financing solutions available to our customers worldwide has been an important objective for EFI. The rental and leasing options in Europe available through the new program are a welcome development to help our customers with their business decision to acquire our products."
With the new agreement currently in effect, customers can now apply for lease financing through DLL to acquire products from EFI's extensive portfolio. EFI aims to further develop the range of financial service offerings available to customers across the rest of the EMEA region.
DLL delivers integrated financial solutions to support the asset life cycle from leasing, vendor and commercial finance to re-marketing. DLL's 5,500 members support its partners in more than 35 countries. The company is a fully owned subsidiary of Rabobank Group.
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