Posts tagged: Videojet

Markem Imaje Bets on Growth in Color Digital Labels, Buys “Linoprint L” from Heidelberg

Bob Leahey
 Jan 15, 2014

On January 10, Markem Imaje announced it has purchased from Heidelberg that company’s Linoprint L business for an undisclosed price. The news puts an established CMYK label press under the wing of Markem Imaje, a global supplier of coding and marking systems, and a key competitor to companies such as Domino and Videojet. Before discussing strategic upshots, we first offer a few basic details:

  • The Linoprint L is the former CSAT iTS600, the Kyocera-based, 600 dpi inkjet web press for labels that Heidelberg bought from CSAT and re-badged in mid-2011.
  • CSAT, the German supplier of digital printers to pharma companies, had initially targeted the printer at the drug industry, but Heidelberg expanded its market focus to include label converters.
  • After its 2011 purchase of the printer, Heidelberg modified it, renamed it Linoprint L, and handled its marketing to flexo label press manufacturer Gallus (Switzerland), which is 30% owned by Heidelberg.
  • Per the most recent deal, while Markem Imaje becomes owner of the Linoprint L business, Gallus will stay as the main distributor for the printer in the label and converting space.

Heidelberg Linoprint L

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Danaher Will Buy X-Rite

Bob Leahey
 Apr 25, 2012

Danaher Corporation, an industrial and healthcare manufacturing conglomerate, made news again this month for another purchase that is important to the color digital printing world. This came when Danaher announced that it will buy X-Rite Inc., which makes color measurement systems. X-Rite also is the parent of Pantone, the formulator of color standards for print service providers, including converters of labels and packaging for consumer products. Danaher’s offer values X-Rite at $5.55 a share, or about $479 million. This is a 39% premium over X-Rite’s closing share price of $4.00 on April 9, 2012, which was the last trading day prior to the announcement. Stockholders representing approximately 68% of the voting power of X-Rite’s outstanding shares reportedly intend to tender their shares into the offer. The deal is subject to regulatory approval and closing conditions, but is expected to close by July 1, 2012. Observers of the CDLP market will remember that Danaher made a similarly important purchase in 2011, with the acquisition of Esko.
For its 2012 investment, Danaher will net a company that is highly influential in the packaging and label industries. X-Rite’s spectrophotometers, colorimeters, densitometers, and related products are widely used by converters and other print service providers to test color reproduction, a vital topic in the representation of consumer brands. At the same time, X-Rite’s Pantone business is one of world’s top sources of color standards. The Pantone Matching System (PMS) colors are commonly the choice of brand owners worldwide. PMS colors may be less influential in other regions than they are in North America, but many global brands often have a high reliance on them. One sign of their importance is that, among color digital label and packaging (CDLP) press manufacturers, it is common for an individual vendor to describe a new press’s color printing capability by estimating the percentage of PMS colors that the press can reproduce.
Danaher’s 2011 purchase of Esko, which was then called Esko Artwork, was a somewhat smaller investment, $470 million. Danaher closed that deal at the middle of 2011, and thus added to its portfolio one of the top suppliers of design and workflow software for the packaging and label converting industry. Esko became part of Danaher’s “Product Identification” group, whose anchor member is Videojet Technologies (Wood Dale, IL), the leading vendor globally for monochrome inkjet coding systems. While there is no obvious synergy between Esko and Videojet, Esko has continued to thrive as an independent company within the group. Assuming the newest Danaher purchase goes through, the conglomerate’s Product Identification group will soon have Esko, X-Rite, and Pantone within it, and there will be synergy between their various products and services.
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Collins Ink Terminates Agreement with Kodak Versamark

Jim Hamilton
 Oct 14, 2011

In an announcement that it posted on its web site on Tuesday, Collins Ink stated that it was ending its agreement to provide inkjet ink to Kodak Versamark printers. It said that its customers would be able to purchase Collins-branded inks directly from Collins at prices that it noted would be lower than Kodak’s.

In response to the Collins announcement Kodak released the following statement, which was published nearly in its entirety in the Rochester Democrat & Chronicle:

“Collins Ink abruptly and without justification breached its contract to supply inks for Kodak Versamark digital printing systems. This shows a tremendous disregard for our customers’ needs. Ensuring a continuous supply of matched, high-quality inks with inkjet printheads for our Versamark customers is of utmost importance to Kodak, and we are committed to delivering an uninterrupted flow of ink.”

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