Toyo Realigns Printing Inks Operations
NEW YORK—Toyo Ink International, the holding company for the Americas operations of the Toyo Ink Group, has realigned its printing inks operations. The move was designed to better position the company's marketing and production activities, and 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, based in Addison, IL, will absorb the packaging ink and polymers businesses of its sister subsidiary, Toyo Ink Technologies, 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. Consequently, Toyo Ink Technologies will be formally dissolved.
This realignment follows the April 2010 Toyo 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 allows Toyo to strengthen its position in the printing inks market.
Additionally, Toyo plans to undergo a major site expansion at its Addison, IL, facility that will double its size by the end of 2011.