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Flint Group Sells XSYS Division Flint Group announced that it has signed a definitive agreement to sell its XSYS division

Flint Group Sells XSYS Division

Flint Group announced today that it has signed a definitive agreement to sell its XSYS division (“XSYS”), which specializes in the development and supply of printing plates, sleeves and adapters, and pre-press equipment to the packaging industry, to an affiliate of Lone Star Funds, a global private equity firm (“Lone Star”). The transaction remains subject to customary closing conditions, including regulatory approvals.

“With this transaction, we will create two dedicated management teams with increased strategic and operational focus,” Steve Dryden, Flint Group CEO. “Flint Group becomes positioned to further invest in the structurally growing segments of paper and board, flexible packaging and labels, serviced with our conventional and digital printing consumables. This successful strategy – centred around product and service innovation — enables Flint to grow with customers that value our colour proposition by helping them to standardize and reduce their costs.”

“We look forward to working with XSYS, a leading global provider of printing solutions,” Donald Quintin, President, Lone Star Opportunity Funds. “We recognize not only the resilience of the XSYS business and the diversity of its offerings, but its growth prospects as well. We appreciate the value that XSYS provides its many customers, and have great confidence in the management team’s commitment to realizing XSYS’s potential in the years ahead.”



Published in Inside the Business
Pablo M. Lee

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