9 June 2021
Flint Looking To sell Flexo Division
LUXEMBOURG—
Flint's recently set up flexo division
Flint's recently set up flexo division
 Flint Group is talking with possible buyers for its Xsys pre-press business based a report from Reuters. Xsys has sales of around $440 million ( Canadian) and 600 employees. Flint set up the  Xsys division at the start of 2021. It combined Flint’s flexo wing and Xeikon’s pre-press division. The Reuters report talked about why  private equity buyers are “falling out of love” with plastic packaging businesses because of issues around the use of single use plastics.
Flint in recent years has been rearranging the company
Flint in recent years has been rearranging the company
Some  companies are trying to overcome these issues by making products that are  recyclable. Reuters said that some investors were also of the view that companies in associated sectors “face being impacted by the tougher line being taken on plastics ”. Kodak sold its flexo business  to private equity buyer Montagu Private Equity in 2020 .
Comments:
NEW ON THE JOB BOARD | RSS
Total Job Board Listings: 1
New This Week: 0
CLICK HERE to post your job opening
LATEST USED EQUIPMENT | RSS
Total Used Equipment Listings: 18
CLICK HERE to list your equipment
CLASSIFIED | RSS
Company wanted
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
Rick says:
Is this good or bad for all NON-Epson printers?...
North Island Publishing PrintCAN Print Jobs Canada’s Estimators' & Buyers' Guide MastheadOnline PaperFinder Print World 2010 Design City
Graphic Monthly Print Equipment gutenbergs' guide COPA industrial print