INX International Ink acquires Brazil printing ink manufacturer
INX International Ink has reached an agreement to purchase Creative Industria e Comercio, a printing ink manufacturer in Sao Paulo, Brazil.
Founded in 1996 by Pedro Americo Ribeiro, Creative Industria e Comercio has become one of the top manufacturers of flexographic and gravure packaging inks in South America. The company at first produced varnishes used for packaging. Two years later, the family-owned company was producing inks and had expanded its distribution network by 2002. Over time, additional growth and greater sales volume led to an operation today that employs 64 people who work out of a 107,000 sq ft manufacturing facility in Sao Bernardo do Campo, Sao Paulo.
Rick Clendenning, president and CEO of INX International Ink, believes a combination of factors will strengthen INX’s position in Brazil and South America.
‘Creative Industria e Comercio is a highly respected premier ink supplier and well known throughout South America. Guilherme Ribeiro, finance director, and the management team have devoted a significant amount of time and effort to establish the business. They built it by using their considerable market experience and technical know-how. Going forward, binding their expertise with our global reach, product development and raw material sourcing capabilities will help us provide the best ink technologies and extend our packaging ink portfolio in South America.’
Ribeiro is optimistic that INX International’s worldwide presence and reputation will boost the company’s recognition. He and his brother Gustavo, along with their cousin, Jose Carlos Ribeiro, will continue to manage the company started by their father.
‘We will certainly be able to improve the quality of our products and services, and we now have the support we need to remain competitive and increase our sales in South America,’ said Guilherme Ribeiro.
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