hubergroup acquires Alden & Ott Printing Inks Company
CAPABILITIES OF BOTH COMPANIES WILL ENHANCE THE POSITION OF HUBERGROUP, USA AS A LEADING PROVIDER OF PRINTING INKS TO THE NORTH AMERICAN MARKET.
KANKAKEE and ARLINGTON HEIGHTS, IL, USA, 7 April 2017 – hubergroup, USA, Inc. and Alden & Ott Printing Inks Company announced today that hubergroup has acquired substantially all of the assets of Alden & Ott in a private deal. hubergroup expects to retain virtually all employees and management team in order to continue operations in the Midwest and Northeast without interruption.
hubergroup is one of the world’s leading specialists for printing inks, coatings and press room auxiliaries, currently comprising 40 companies and 130 sites. This successful, family-owned enterprise with more than 250 years of experience and expertise in the printing inks industry manufactures top quality products for packaging, commercial and newsprinting. In 2016, the Group with its global workforce exceeding 3500, generated sales of approximately $885 million.
“The addition of Alden & Ott to the hubergroup family is an exciting opportunity for our customers, employees and shareholders,” said Derek McFarland, president of hubergroup, USA. “As a key raw material supplier, we already had a great relationship with the talented Alden & Ott team and had discovered how much we share a commitment to providing our print customers with products and service that help them delight their customers. Specifically, our combined capabilities in conventional, water-based, low-migration and energy-cured inks will create an enviable offering to the growing packaging market.”
Alden & Ott Printing Inks Company was founded by Joe Alden and Henry Ott in 1957 and has transformed itself many times. Anticipating customer needs, the company expanded its products from heat set to sheet fed, UV inks, and flexo inks. Today, Alden & Ott is a comprehensive ink manufacturer developing custom solutions for both the offset and flexo printing markets in the Midwest and Northeast.
“Joining the global hubergroup family will bring many benefits to our existing customers, including access to their technical knowledge base, expanded product lines, security of supply and an instantly expanded geographical footprint,” said Tom Alden, president of Alden & Ott. “The cultural alignment of the family-owned businesses was a key factor and we are happy that the combined team will continue to serve and grow our existing business.”
More information can be found at www.hubergroup.net