Product category:
Screen Printing Systems and Materials
News Release from: MacDermid Autotype
Edited by the Printingtalk Editorial
Team on 15 June 2005
Autotype Acquired By USA's MacDermid Inc
Autotype International yesterday become part of MacDermid Inc of Denver, Colorado (USA).
Autotype International yesterday become part of MacDermid Inc of Denver, Colorado (USA) MacDermid's objective is to further enhance Autotype's development in to new areas in the screen printing industry by using the MacDermid network of locations and market contacts
This article was originally published on Printingtalk on 18 Feb 2003 at 8.00am (UK)
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The acquisition of Autotype means that MacDermid will have $0.75 billion sales focused in the printing, electronics and industrial finishing markets around the world.
In the printing industry MacDermid supplies offset blanket, flexo plates and Colorspan ink jet printers and supplies.
Peter Levinsohn, the chief executive of Autotype reflected on MacDermid's attitude to its customers: "Our 'can do' philosophy mirrors that of MacDermid, which is focused on providing products that help customers become more successful.
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We see the cultures and the approaches of the two respective organisations as being very similar, built on technology leadership and exceptional customer service.
Although the two businesses complement each other, there is no direct overlap." Levinsohn continued: "I am delighted that Autotype has found a stable and successful long term owner that understands the potential and is able to assist directly in accelerating our growth plans.
I believe this is a vital step forward in realising true potential.
I have already visited many of MacDermid's impressive facilities.
In China alone MacDermid has 300 employees and over 20 years' experience in that market.
MacDermid's activities will support our efforts to improve our service and growth in many parts of the world.
I look forward to exploring more of the opportunities that our respective strengths bring to our customers." Autotype said that it had worked to provide screen printing new levels of control and repeatability and reinforcing the benefits of the process for new applications, such as flexible circuit printing and DVD printing.
Autotype has won Queen's Awards for its developments.
Autotype's sales of around £50m are spread around the world with the two largest markets being the USA and China.
Peter Levinsohn concluded: "MacDermid's approach is to encourage their businesses to develop as strong and independent companies, focused on the needs of specific groups of customers around the world.
Our existing management team will continue to drive Autotype forward in line with our well-established strategy. Request free introductory details about products from MacDermid Autotype ...
The change of ownership will give us the opportunity to grow much faster and more aggressively with the full backing of a well funded and committed parent.".
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