Mar '16
“Based in Bradford, UK, Rialco will now operate as part of EFI's industrial inkjet business, and expand and grow its capabilities with new products and new customers,” an EFI press release said.
EFI added that it plans to improve its inkjet portfolio with Rialco's advanced ink component capabilities.
EFI did not disclose the financial terms of the acquisition, but informed that the deal is not expected to be material to EFI's first quarter or full-year 2016 financial results.
"The deal gives EFI, the platform to accelerate the technical advantages we provide to customers in the textile, signage, ceramics and other industries," said Stephen Emery, vice president of EFI's ink business.
"Being part of EFI gives us an important opportunity to continue growing our offerings as part of a leading developer of advanced industrial ink products," said Rialco co-founder Paul Davies.
EFI develops breakthrough technologies for the manufacturing of signage, packaging, textiles, ceramic tiles, and personalised documents.
It does this through a wide range of printers, inks, digital front ends, and a comprehensive business and production workflow suite that transforms and streamlines the entire production process. (AR)
Fibre2Fashion News Desk – India
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