Press release from the issuing company
Kiian Digital and J-Teck3 are joining forces to create a new Group with extended capability and greater resources to meet the challenges resulting from the growth of the digital printing sector.
Both companies have a track record of innovation, quality, reliability and sound financial performance.
The new Group reflects the strategic consolidation in the digital printing market, with the two companies retaining their independence.
J-Teck3, which has just celebrated its 10th anniversary, has a technologically driven business approach that permits rapid development of new products. J-Teck3 has brought to market a wide variety of disperse, sublimation and pigment inks for printing. The diversity of the various products marks the leading position of J-Teck3 in the global market.
Kiian Digital has a long history of providing chemicals and digital inks and is regarded as the trusted commercial and technical partner in over 90 countries worldwide.
Combining the two companies' strengths leads to a significantly increased global coverage to all key segments with a joint portfolio of inks that is compatible with a wide variety of digital print heads. Maintaining its focus on high quality industry standards and on driving market expansion internationally, the new Group will give the customer base the benefits of a combined R&D and customer service.
Kiian Digital President Dennis Wilby states: "Thanks to the support provided by our shareholders Alcedo SGR and Wise SGR, we have been making important investments in our production capability in recent months including a new facility in USA last year and a state of the art production and development centre near Como which comes on stream later this year. Following our focus in the US market earlier this year in acquiring our distribution partner, we are now embarking on a further new project - a growing international business with a strong product capability. The coming together of our two companies will strengthen our ability to service our customers worldwide and ensure that the many years of experience and know-how of both companies will be of increased benefit to the print industry."
The management of J-Teck3, Italo Mariani and Enrico Grasselli, former owners of J-Teck3, both added: "We are delighted to join forces with Kiian, since our companies share common values and our product offerings are complementary. Putting together our resources - technical, production and marketing - we are much better able to maximize the potential synergies and give the digital ink market a service and support of the highest level."
Both management teams, including the former J-Teck3 owners, will continue to be fully involved in the ongoing development of the business.