Brother Industries Completes Acquisition of Domino Printing Sciences
CAMBRIDGE, England—June 12, 2015—Brother Industries has announced it has formally completed the acquisition of Domino Printing Sciences plc, having met all the conditions of the offer announced on March 11, 2015.
Domino has established a global reputation for the development and manufacture of high-quality coding, marking and printing equipment, as well as the supply of aftermarket products and customer services. Brother cited the strength of Domino’s customer base across its coding and marking business, and its desire to develop the scope and coverage of the digital printing sector as key reasons for the acquisition.
Trading in the Domino Shares on the London Stock Exchange’s market for listed securities and the listing of the Domino Shares on the Official List were each cancelled with effect from 8.00 a.m. (London time), June 12, 2015. All financial results will be consolidated into Brother Industries moving forward. The Domino brand and management structure will remain unaltered, with Domino Printing Sciences operating as an autonomous division within Brother Industries.
Nigel Bond, CEO of Domino Printing Sciences, said: "Brother respects and values Domino’s brand equity, technologies and strategic vision for the business and the markets it serves. As such, the companies will be working closely together on natural growth opportunities, as well as explore collaborative possibilities to develop new products."
Bond concluded, "This is a very exciting time for Domino and the acquisition gives the business a solid foundation for the future. Domino will be able to leverage Brother’s size, manufacturing and R&D facilities, and sales networks to expand its global reach. For Brother, Domino will bring opportunities in new market sectors, as well as a strong customer base built on long term relationships. Brother and Domino share the same values, including a robust commitment to R&D and reputation for quality and service, and we look forward to the successful results this union will yield."
About Domino
Domino is the leading business within Domino Printing Sciences plc. Founded in 1978, the company has established a global reputation for the development and manufacture of coding, marking and printing technologies, as well as its worldwide aftermarket products and customer services. Today, Domino offers one of the most comprehensive portfolios of complete end to end coding solutions spanning primary, secondary and tertiary applications designed to satisfy the compliance and productivity requirements of manufacturers. These include innovative inkjet, laser, print and apply and thermal transfer overprinting technologies that are deployed for the application of variable and authentication data, bar codes and unique traceability codes onto product and packaging, across many industrial sectors, including food, beverage, pharmaceutical and industrial products.
Domino employs 2,600 people worldwide and sells to more than 120 countries through a global network of 25 subsidiary offices and more than 200 distributors. Domino's manufacturing facilities are situated in China, Germany, India, Sweden, Switzerland, U.K. and U.S.
Domino’s continued growth is underpinned by an unrivalled commitment to product development. In 2012, Domino was awarded the Queen’s Award for Continuous Achievement in International Trade.
Domino became an autonomous division within Brother Industries on June 11, 2015.
About Brother Industries
Brother Industries produce printing equipment and computer-related electronics, at manufacturing and sales facilities in more than 40 countries and regions, allowing the company to implement global business strategies and activities.
Source: Domino.
