Mar 7, 2016
On March 2nd, EFI has acquired Rialco Limited, a UK-based supplier of dye powders and color products for digital print and industrial manufacturing industries. The acquisition is an important one for EFI because it could augment EFI’s equipment offerings with complementary EFI OEM inks for their digital textile printing products.
Based in Bradford (an hour’s drive northeast of Manchester), Rialco manufactures inks and dyes for textiles and wood finishing applications. Rialco was incorporated in 2003 and its latest turnover is just about 7.9 GBP (or just over $11 million) and gross profits of about 2.1 GBP (or just under $3 million) for 2014 (according to DueDil.com). According to EFI the company will operate as part of EFI’s industrial inkjet business, and will continue to support its existing clients as well as expand and grow its capabilities with new products and new customers as part of its long term growth strategy. As noted by Stephen Emery, Vice President of EFI’s Ink and Jetrion businesses, “The deal announced today gives EFI the platform to accelerate the technical advantages we provide to customers in the textile, signage, ceramics and other industries that are rapidly transitioning from analog to digital printing.” Read more »