Plymouth, Mich.-based Flint Group, an ink and technologies provider to the packaging and print media industries, announces that it has signed an agreement to acquire Torda, a Sweden-based manufacturer of printing inks for the packaging markets in Europe, the Balkans and the Middle East. The transaction strengthens Flint Group’s supply position and service capabilities to the packaging industry, and boosts its market position in Eastern Europe and the Middle East.
This acquisition is the third step of Flint Group to foster its expansion in Eastern European markets within the last twelve months. In 2009, the company acquired the Russian packaging ink manufacturer and distributor Premo Inks. And in January 2010, it announced the expansion of its packaging inks manufacturing operations in Poland. The transaction is expected to close by the end of March 2010, subject to the approval of the antitrust authorities. Financial terms have not been disclosed.