New York-based ink giant Toyo Ink International Corp., a member of the Toyo Ink Group, announces the formation of a new subsidiary, Toyo Ink Technologies, LLC, for the acquisition of specified assets of Fluid Ink Technology, Inc., 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. With the acquisition, the Toyo Ink Group will strengthen its position in the U.S. packaging inks sector, a move in line with the Group's global expansion plans, both regionally and globally.