siegwerk, a printing inks and coatings company, has signed a definitive agreement to acquire Hi-Tech Inks, a leading Indian producer of flexographic and gravure printing inks. This transaction will significantly strengthen Siegwerk's position in the Indian market. flexible packaging, with rapid growth, making the resulting company the main player in the country with a market share exceeding 20%.
The acquisition underscores Siegwerk's long-term commitment to India and the broader Asian region, one of the company's most important strategic growth markets. Hi-Tech Inks will bring a robust range of products to Siegwerk's global portfolio. solvent and aqueous inks, metallic and special effects inks, varnishes and overprint varnishes (OPV). This integration will strengthen Siegwerk's manufacturing presence in India with two plants in Bhiwadi (Rajasthan) and Vapi (Gujarat), thereby improving capacity and operational resilience. The resulting organization will employ approximately 1700 people across India.
"Hi-Tech Inks has forged an impressive track record of quality, agility, and customer focus, and we are delighted to welcome them to the Siegwerk family," he stated. Ashish Pradhan, President of Siegwerk Asia. “This acquisition will strengthen our position in the Indian flexible packaging market and expand our ability to serve customers with greater scale, capacity, and innovation. Together, we will be uniquely positioned to drive the next phase of growth in the industry.”
“Siegwerk’s commitment to quality, sustainability, and customer service aligns perfectly with the values we have always championed,” he stated. Karan Mahajan, Managing Director of Hi-Tech Inks. “Joining the Siegwerk family represents a significant milestone for Hi-Tech Inks. By combining our strengths, we create new opportunities to grow, innovate, and deliver even greater value to customers in the flexible packaging industry in India.”
The transaction is expected to close in the coming weeks, subject to customary closing conditions.
Photo: Karan Mahajan, CEO of Hi-Tech Inks, and Ashish Pradhan, President of Siegwerk Asia.
