Flint Group Is Acquired by Goldman Sachs, Koch Industries
This sale remains subject to customary closing conditions and should be completed by the second half of 2014.
About Flint Group
Flint Group is dedicated to serving the global printing and packaging industry. The company develops, manufactures and markets an extensive portfolio of printing consumables, including: a vast range of conventional and energy curable inks and coatings for most offset, flexographic and gravure applications; pressroom chemicals, printing blankets and sleeves for offset printing; photopolymer printing plates and sleeves, plate-making equipment and flexographic sleeve systems; pigments and additives for use in inks and other colourant applications. With a strong customer focus, unmatched service and support, and superior products, Flint Group strives to provide exceptional value, consistent quality and continuous innovation to customers around the world. Headquartered in Luxembourg, Flint Group employs some 6,600 people. Revenues for 2013 were € 2.2 billion (US $2.9 billion). On a worldwide basis, the company is the number one or number two supplier in most of the market segments it serves. For more information, please visit www.flintgrp.com
About Koch Equity Development
Koch Equity Development LLC is the acquisition and investment subsidiary of Koch Industries, Inc. Based in Wichita, KS, Koch Industries is one of the largest private companies in America with annual revenues of about $115 billion. It owns a diverse group of companies involved in refining, chemicals and biofuels; forest and consumer products; fertilizers; polymers and fibers; process and pollution control equipment and technologies; commodity trading; minerals; energy; ranching; glass; and investments. In 2013, Koch companies employed about 60,000 people in the United States and paid compensation and benefits totaling $4.8 billion. From January 2009 to present, Koch companies earned nearly 800 awards for safety, environmental excellence, community stewardship, innovation, and customer service.
About Goldman Sachs Merchant Banking Division
Goldman Sachs Merchant Banking Division (“MBD”) is the primary center for Goldman Sachs’ long term principal investing activity, and Goldman Sachs has operated this business as an integral part of the firm for more than 25 years. The group invests in equity and credit across corporate, real estate and infrastructure strategies. Since 1986, the group has raised over $125 billion of capital to invest across a number of geographies, industries and transaction types. With eight offices in six countries around the world, MBD is one of the largest managers of private capital globally, offering deep expertise and long-standing relationships with companies, investors, entrepreneurs and financial intermediaries around the globe. MBD has extensive experience investing in German blue chip companies, including Kion (material handling), Kabel Deutschland (cable television), Cognis (specialty chemicals), Messer Griesheim (industrial gases) and Xella (building materials).
- Companies:
- Flint Group