Siegwerk, one of the leading international suppliers of printing inks for packaging applications and labels, has signed a contract to purchase the Italian ink manufacturer La Sorgente Spa. The family-owned company is located in Poppi (Arezzo), Italy. It manufactures high-quality water-based flexographic inks for paper and board applications and solvent-based inks for flexible packaging. Founded in 1929, the company is one of the most important ink suppliers for flexographic printing in Italy today.
With this acquisition, Siegwerk further expands its product portfolio for packaging printers while concretely strengthening its local footprint in the Italian market. “La Sorgente Spa is a well-established ink expert for paper and board and flexible packaging applications with a strong reputation in Italy. Its ink solutions fit perfectly into our product portfolio,” says Dirk Weißenfeldt, vice-president of Flexible Packaging EMEA at the company. The purchase will enable Siegwerk to significantly expand its presence while building up its infrastructure and workforce to further grow in Italy.
The acquisition will help Siegwerk to serve customers in Poppi
The deal includes the transfer of all technical expertise, product portfolio and manufacturing equipment belonging to La Sorgente Spa. It will continue to produce and serve customers from the production site in Poppi. As a member of the family, La Sorgente Spa will remain a separate entity maintaining its own brand and product names. “The integration of the acquired products into Siegwerk’s ink offering will enable customers to benefit from a more comprehensive product portfolio and a wider technological expertise”, concludes Christopher van Laack, vice-president of Paper & Board EMEA and liquid food packaging at the company. Both companies will work closely together to ensure a smooth integration of business without any interference for current customers of both companies.
“We are delighted to have found in Siegwerk a great partner and new owner for our company. The company will integrate our inks into a significantly larger organization, thus advancing our current products globally,” says Mario Magni, owner and chairman at La Sorgente Spa. After the deal’s closure, the family will continue to serve as the management team for the present Italian operation.