Toyo Ink Realigns U.S. Printing Ink Business
NEW YORK—Nov. 1, 2010—Toyo Ink International Corp., the holding company for the Americas operations of the Toyo Ink Group, announced a strategic realignment of its printing inks operations, a move designed to improve its ability to bring new products, technologies and services to its global customer base. The realignment will enable better consolidation of its product offerings, promoting a more coordinated market approach and reduced operational redundancies.
Under the new organization, wholly-owned subsidiary Toyo Ink America LLC, based in Addison, IL, will absorb the packaging ink and polymers businesses of its sister-subsidiary Toyo Ink Technologies LLC, and merge them with its existing commercial printing inks operation. The acquisition includes Toyo Ink Technologies’ production operations and its flexographic inks and polymers manufacturing facility in Bryan, TX. Thereafter, Toyo Ink Technologies will be formally dissolved.
This realignment follows Toyo’s acquisition of Fluid Ink Technology’s brands and intellectual property ink formulations, which were assets of Toyo Ink Technologies. Integrating both the fluid and paste ink operations under a single company not only allows Toyo Ink to secure an improved foothold in the printing inks market, but also achieve greater synergy in sales and service delivery.
“This consolidation allows us to drive the growth of our global customer base through further coordinated marketing efforts and improved cross- and up-selling opportunities,” said Mamoru Sasajima, CEO of the newly transformed Toyo Ink America. “We are positioning ourselves to better support our customers’ needs with a broader and more comprehensive lineup of printing products and services, while also enhancing our ability to capture a bigger share of the Americas printing market.”
In conjunction with its newly acquired Texas facility, Toyo Ink America engages in the production of paste inks at its head location in Addison, IL. This facility expects to undergo a major site expansion that will double its size by the end of 2011, as the company forges ahead with plans to develop and produce ink systems with more efficiency here in the US. The integration of production functions enables Toyo Ink to maximize resource efficiencies as well as strengthen the company’s competitiveness by boosting overall productivity and the development platform on which to carry on its business.