Siegwerk acquires Hi-Tech Products

‘Hi-Tech Products is an established and well-known water-based ink supplier in the UK. The company’s ink solutions and coatings perfectly complement our water-based ink portfolio,’ said Dirk Weissenfeldt, vice president Paper & Board and Liquid Food Packaging at Siegwerk. ‘This merger enables us to expand our local footprint in the UK and therefore to continue raising our profile as a supplier of water-based printing inks in Europe.’

‘We are delighted to have found in Siegwerk a great partner and a new owner for our company. Over the last years we have built a solid company with innovative technology and excellent customer service. I’m convinced that Siegwerk can integrate our offering into their larger structure and thus advance it on the market. After 12 years, I would like to thank all of our customers for their support and to our staff for the many years of dedicated service. In the future, we hope to spend more time closer to our family in New Zealand,’ said Wade Brealey, managing director of Hi-Tech Products.

The acquisition of Hi-Tech Products follows other strategic investments and disinvestments that Siegwerk has completed to enhance its position as a full-range provider for the packaging market. In 2016, for example, Siegwerk purchased Actega Colorchemie (today Siegwerk Buedingen) and opened a new Blending Center for the production of water-based inks at its Technical Center in France. These investments have enabled the company to enhance its water-based ink business and focus on its core business in packaging printing.

The parties have agreed not to disclose any financial details.