Business Management - M&A

HOD-HASHARON, Israel—Advanced Vision Technology (AVT), a leader in automatic inspection solutions for printing applications, announced today the signing of a distribution agreement with Nilpeter China. This agreement was established to support AVT’s growth in the Chinese market, particularly targeting the label and narrow web sectors. Nilpeter is a world leading manufacturer of high performance narrow web presses. Its combined press solution that integrates flexo, gravure and offset technology is recognized as the best-of-class in the industry. Nilpeter launched its China operation in 2004, with offices in Shanghai and Shenzhen. From the very first opening day, Nilpeter China has been aiming to provide a total

ROCKY HILL, N.J.—Parelec Inc., a manufacturer of conductive inks for RFID antenna and other direct printed circuits, has acquired Precision Systems (Raanana, Israel), a supplier of real-time location systems, positioning the new merged company as one of the leading Total RFID solution providers in the market today. “This represents a significant milestone for Parelec. Our solid grounding in mid-range, passive RFID tag technology can now be coupled with Precision Systems’ expertise in active RFID and real-time location systems to help companies take giant steps toward tracking products from item level to end use” says Geva Barash, president and CEO of Parelec. “Our focus is

ROCKY HILL, N.J.—Parelec Inc. (Rocky Hill, N.J.), a leading manufacturer of conductive inks for RFID antenna and other direct printed circuits, has acquired Precision Systems (Raanana, Israel), a top supplier of real time location systems, positioning the new merged company as one of the leading Total RFID solution providers in the market today. “This represents a significant milestone for Parelec. Our solid grounding in mid-range, passive RFID tag technology can now be coupled with Precision Systems’ expertise in active RFID and real time location systems to help companies take giant steps toward tracking products from item level to end use” says Geva Barash, president

ATLANTA, Ga.—Printpack Inc., a flexible packaging and specialty rigid container manufacturer, announced that it has reached an agreement to purchase Seal-it, Inc., a recognized leader in the U.S. packaging market of sleeved and flat heat-shrink PVC, PLA, PET-G and OPS films. The terms of the transaction were not announced. Dennis M. Love, president of Printpack Inc., said, “Seal-it is an ideal addition to Printpack. It brings us new and important market relationships, and the company has a proven record of delivering superior products and service to its customers. This transaction strengthens our strategic commitment to expanding our offerings of value-added flexible packaging.” According to

ATLANTA, Ga.—Printpack Inc., a flexible packaging and specialty rigid container manufacturer, announced that it has reached an agreement to purchase Seal-it, Inc., a recognized leader in the U.S. packaging market of sleeved and flat heat-shrink PVC, PLA, PET-G and OPS films. The terms of the transaction were not announced. Dennis M. Love, president of Printpack Inc., said, “Seal-it is an ideal addition to Printpack. It brings us new and important market relationships, and the company has a proven record of delivering superior products and service to its customers. This transaction strengthens our strategic commitment to expanding our offerings of value-added flexible packaging.” According

CHICAGO, Ill. and AUSTIN, Texas—Pliant Corporation, a supplier of value-added films and packaging solutions, and NovaCentrix, a nanotechnology products company with focus on printable electronics, energetics, and life sciences, announced a strategic alliance to create and commercialize technology solutions for performance and packaging needs. The alliance will allow both companies to drive new growth opportunities and deliver unique value propositions to the industry. Engaging at the product development level and combining NovaCentrix’s world-class nanoparticle-based inks and coatings with Pliant’s high-performance films will enable the alliance to accelerate the availability of commercially viable solutions leveraging nanotechnology performance. “Pliant’s commitment to continuous innovation to offer customers unique

FOSTER CITY, Calif.—EFI announced it has signed an agreement to acquire privately held Jetrion LLC, a subsidiary of Flint Group Incorporated, for approximately $40 million in cash. Jetrion is a supplier of inkjet printers, inks, and custom-printing systems for the label and packaging industries. EFI expects the transaction to close in the fourth quarter of 2006, subject to certain closing conditions. “Jetrion’s advanced technology and very talented team are great additions to our inkjet business and are a key element in fulfilling our strategy to expand our presence in the industrial inkjet market,” said Guy Gecht, EFI CEO. “We are especially impressed with Jetrion’s

WEST HARTFORD, Conn.­—Edelmann Graphics, a German narrow-web press manufacturer, has announced its move into the flexible packaging and label sector with the sale of an EVO-Print web press. Matik North America is the exclusive distributor of Edelmann Graphics equipment for the North American marketplace. The EVO-Print is specified as a “hybrid” machine, and will be equipped with a Martin Splicer, six litho towers, flexo unit, preparation for retrofit of gravure units, cold foiling, delam/relam station, diecutting, and rewind. An Interdeck UV System from Print Concept will provide drying. The EVO-Print is an open-platform press that offers a web width of 485 mm (19˝) with a

ELK GROVE, Ill.-Private equity firm Genstar Capital, LLC announced that it has signed a definitive agreement to acquire Fort Dearborn Company, a provider of decorative labels to the consumer goods industry. Fort Dearborn management, along with many of the current shareholders, will also participate in the company’s new ownership. As part of the transaction, Fort Dearborn’s current chief operating officer, Michael Anderson, will assume the role of president and chief executive officer. Richard Adler, Jr., the company’s current president and chief executive officer will maintain a position on Fort Dearborn’s Board of Directors and will serve as an advisor to the company. “I truly believe

WILLOWBROOK, Ill.-Loparex Grouphas announced that it has acquired the Douglas-Hanson Company of Hammond, Wis. Douglas-Hanson, established in 1973, manufactures silicone-coated release papers and films, and extrudes polycoated papers for the packaging industry. The Douglas-Hanson facility will operate under the name Loparex Inc. whose headquarters are in Willowbrook, Ill. According to Penti Kallio, President and CEO of Loparex Group, “As a result of this acquisition, two successful release liner companies with distinct capabilities and expertise will blend together to become an even stronger supplier in the manufacture and delivery of release liner products. This merger will enable Loparex to more effectively meet the continuing challenges of