With this acquisition, Siegwerk further expands its product portfolio for packaging printers while concretely strengthening its local footprint in the Italian market. “La Sorgente Spa is a well-established expert in inks for paper and board as well as flexible packaging applications with a strong reputation in Italy. Its ink solutions fit perfectly into our product portfolio,” says Dirk Weißenfeldt, Vice President, Flexible Packaging EMEA at Siegwerk. The purchase will allow Siegwerk to significantly expand its presence while strengthening its infrastructure and workforce to continue its growth in Italy.
The agreement includes the transfer of all technical expertise, product portfolio and manufacturing equipment belonging to La Sorgente Spa. Siegwerk will continue to produce and serve its customers from the Poppi production site. As part of the Siegwerk family, La Sorgente Spa will remain a separate entity retaining its own brand and product names. “Incorporating the acquired products into Siegwerk’s ink offering will allow customers to benefit from a more comprehensive product portfolio and broader technology expertise,” concludes Christopher van Laack, Vice President, Paper & Board EMEA and Liquid Food Packaging at Siegwerk. The two companies will work closely together to ensure a seamless business integration without any interference for existing customers of both companies.
“We are delighted to have found an excellent partner and new owner for our company in Siegwerk. Siegwerk will integrate our inks into a much larger organization, advancing our current products in the global market,” says Mario Magni, owner and president of La Sorgente Spa. After the deal closes, the family will continue to serve as the management team for the current Italian operation.
The acquisition of La Sorgente Spa follows other strategic investments that Siegwerk has already made over the past few years to strengthen its position as a supplier of a full range of inks for the packaging market.
Both parties have agreed not to disclose any financial details.