en.Wedoany.com Report on Mar 26th, Siegwerk has signed an agreement to acquire Hi-Tech Inks, an Indian manufacturer of flexographic and gravure printing inks. This move aims to enhance Siegwerk's competitiveness in India's flexible packaging market, with the combined business expected to hold a market share exceeding 20% in India.

The acquisition will integrate resources from both parties, expanding Siegwerk's production scale in India and adding product lines such as solvent-based and water-based inks, as well as metallic and special effect inks. The combined organization will operate two production sites in India, located in Bhiwadi, Rajasthan, and Vapi, Gujarat, employing approximately 1,700 people to increase production capacity and service responsiveness.

Ashish Pradhan, President of Siegwerk Asia, stated, "Hi-Tech Inks has built a strong tradition of quality, agility, and customer focus, and we welcome them to the Siegwerk family. This acquisition will solidify our position in the Indian flexible packaging market and enhance our ability to serve customers."

Karan Mahajan, Managing Director of Hi-Tech Inks, said, "Siegwerk's commitment to quality, sustainability, and customer focus aligns with our values. Joining the Siegwerk family is a significant milestone. By combining our strengths, we will create greater value for customers in the Indian flexible packaging industry."

The transaction is expected to close in the coming weeks, subject to customary closing conditions. This marks Siegwerk's largest acquisition since 2005, representing a significant step in the company's growth journey. It reinforces Siegwerk's long-term commitment to the Indian packaging industry and its dedication to supporting market development through technology and reliable supply.