The Flint Group is to be acquired from CVC Capital Partners by a partnership of Goldman Sachs Merchant Banking Division and Koch Equity Development, a subsidiary of Koch Industries. The sale, for an undisclosed sum, is subject to customary closing conditions and should be completed by the second half of 2014.
A leading global supplier of inks and other print consumables, Flint is the number one or number two supplier in most of its market segments. The group operates 137 sites in 40 countries and employs some 6,600 people.
"The management team of Flint Group is excited about this planned new ownership, and the opportunities this now presents," says Antoine Fady, CEO of Flint Group. "The transition will be seamless for our customers, employees and suppliers. Flint Group's vision to be the print consumable supplier of choice to the global packaging and printing industries will remain firmly in place."
Matthias Hieber, Goldman Sachs' head of corporate equity investing in the German speaking region, adds: "Flint Group is uniquely positioned to capture growth in its attractive printed packaging markets while at the same time continuing to benefit from strong and resilient performance of its print media business."
www.flintgrp.com
