Flint Ink and XSYS Print Solution Transaction Official

ANN ARBOR, Mich.—The acquisition of U.S.-based Flint Ink Corporation by German-based XSYS Print Solutions was completed on 30 September 2005. The transaction closed following the August approval of the acquisition and subsequent merger by regulatory authorities in Europe and the U.S. The merger will lead to creation of a stronger, global supplier to the graphics and packaging industries with revenues of about $2.6 billion/€ 2.1 billion (based on 2004 results). The new entity will have approximately 8,000 employees in 160 sites in 35 countries, and will rank as the number one or number two supplier in every major region it serves.