ICON Inks acquired by the Marabu Group
According to reports, Marabu Group has acquired ICON Inks. By doing this the group has strengthened its international presence. This move will expand Marabu’s product portfolio as well.
Germany
Marabu Group has acquired ICON Inks to strengthened the group’s
international presence by expanding Marabu’s product portfolio and reach. According
to Jon Bultemeyer, Executive Vice President, Business Unit Screen and Pad
Printing Inks, the company has high hopes with this acquisition. The company
has always considered various segments with strong prospects. He also said that
Textile printing is one of the largest global screen-printing segments. ICON
links is a leading brand and with this acquisition, Marabu will get access to
new markets and skills. He added that by expanding the product portfolio, the
company is now able to offer screen printing inks for textiles and pad printing
solutions.
Marabu will now be able to expand its addressable segments to
include textile printing, with the purchase of ICON Inks. In 2020, the company
launched Maqua Pad MAP ink which is the world’s first water-based pad printing
ink. Considering the old portfolio of the company, ICON Inks products are ideal
and will help Marabu to extend its focus s on water-based products. This will
also help the company to expand its textile printing footprint.
According to Jon Bultemeyer, textile printing is very exciting for
the company. He said that the inks vary by type and can be based on water,
solvent, silicone, and plastisol. As per the terms of the venture, Marabu will
not change its portfolio initially, so that ICON Inks customers can be sure of
consistently reliable quality. Later, Marabu plans to take the product offering
to a global scale and to extend its scope.
This integration of ICON Inks and Marabu Group will allow the group
to improve its presence in the Asian markets. The two groups can improve their
business agility by tailoring the ink formulations according to the requirements of
the customers and by using the local raw materials. Local manufacturing and logistics will also
contribute to lowering the effect of greenhouse gases.
Source – Press release of
“Marabu”
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