Toyo Ink Acquires Fluid Ink Technology’s Assets
NEW YORK—Toyo Ink International Corp., a member of the Toyo Ink Group, announced the formation of a new subsidiary, Toyo Ink Technologies, LLC, for the acquisition of specified assets of Fluid Ink Technology, Inc. of Moorpark, Calif. Toyo Ink Technologies will assume ownership of all of Fluid Ink Technology's intellectual property formulas, brands, certain equipment, and employment of certain sales and technical teams.
Fluid Ink Technology will continue to exist under a new name and provide products and support for Toyo Ink Technologies from its two locations in Moorpark, Calif. and Plainfield, N.J. Fluid Ink Technology customers should see no changes in how day-to-day business is conducted. Sales, distribution, brands, and support service will be maintained, as is.
Fluid Ink’s technical experts have developed an extensive array of flexographic, gravure, and ultraviolet ink products for the flexible packaging, paper packaging, and label printing markets, both wide and narrow web applications. The coupling of Fluid Ink’s technology, service, and sales expertise with Toyo Ink’s existing packaging capabilities will enable Toyo Ink Technologies to provide its customers with unique solutions in support of the two firm’s shared commitment to driving innovation through the development of value-added and customized products.
With the acquisition, the Toyo Ink Group will also strengthen its position in the U.S. packaging inks sector, a move in line with the Group’s expansion plans, both regionally and globally.
“Fluid Ink Technology has a longstanding reputation for product reliability and unparalleled customer support. The addition of its name, technology, and sales and technical teams instantly boosts Toyo Ink’s presence in North America,” says Toyo Ink International’s president, Mamoru Sasajima. “Toyo Ink also remains dedicated to local production. This new venture enhances our ability to better meet local demand for a sustained competitive advantage.”
“The combination of the Toyo Ink Group and Fluid Ink Technology brings significant new synergies to the table,” says Jim Newkirk, president of Fluid Ink Technology, Inc. “The strength of our combined product, service, and technology portfolio will create tremendous growth opportunities and customer value for years to come. It’s a win-win situation for all involved.”