Marabu Printing Inks acquires Icon Inks to increase its influence and market in the Printing Market of Asia.
The initiative has been taken to strengthen the company as Marabu expands its global footprint and focuses on water-based printing technologies and textile printing.
Marabu is a world-leading manufacturer of screen, digital, and pad printing inks as well as liquid coatings.
The acquisition of Icon Inks also strengthens Marabu’s Asian presence. To ensure local customer service and support, staff will be distributed across three sites. Eastern China will be advised and assisted by the regional headquarters in Shanghai and South China from Shenzhen.
Moreover, the ink manufacturer has a third site in Hong Kong.
All three report to Alexandra Taulin, General Manager of Marabu Shanghai.
Tates Jon Bultemeyer, Executive Vice President, Business Unit Screen and Pad Printing Inks, said, “We are always looking to identify segments with strong prospects. Until recently, our focus had consciously not included textiles. However, the market environment is very dynamic, and our business must be broadly based.
Textile printing remains one of the largest global screen printing segments. Icon Inks is a leading brand, and this acquisition gives us access to new markets and new skills. Icon Inks has a high profile in Asia and is valuable to our existing Marabu ink offering. By expanding our product portfolio, we are now able to offer screen printing inks for textiles, in addition to our pad printing solutions.”
