India, June 10 -- Siegwerk, a global leader in printing inks and coatings for packaging applications, announced the successful completion of its acquisition of Hi-Tech Inks, one of Indias leading manufacturers of flexographic and gravure printing inks. The acquisition marks a significant milestone in Siegwerks growth strategy and reinforces its long-term commitment to India, one of the companys most important strategic markets. With the transaction now complete, the combined business becomes the largest player in Indias flexible packaging inks market, commanding over 20 percent market share.
The integration of Hi-Tech Inks strengthens Siegwerks manufacturing footprint across India, adding production facilities in Bhiwadi, Rajasthan and Vapi, Gujarat, while expanding its portfolio with solvent- and water-based inks, metallic and special-effect inks, varnishes, and overprint varnishes. The combined organization will employ approximately 1,700 people across the country, enhancing its ability to deliver innovation, scale, and supply reliability to customers.
Speaking on the completion, Ashish Pradhan, President Asia, Siegwerk said, This is an important milestone for Siegwerk in India and Asia. By bringing together the strengths of both organizations, we are creating a stronger platform to serve our customers, accelerate innovation, and support the continued growth of Indias dynamic packaging industry. We are delighted to officially welcome the Hi-Tech Inks team to the Siegwerk family.
Karan Mahajan, Managing Director, Hi-Tech Inks, added, The completion of this transaction marks the beginning of an exciting new chapter. Together with Siegwerk, we are uniquely positioned to deliver enhanced value, broader capabilities, and greater innovation to customers across Indias packaging ecosystem.
The acquisition is Siegwerks largest transaction since the acquisition of SICPAs packaging inks business in 2005 and further strengthens the companys position as a leading partner for packaging converters and brand owners. The combined business will focus on delivering future-ready, sustainable, and high-performance solutions to support the evolving needs of the packaging industry.
Together, Siegwerk and Hi-Tech Inks are well positioned to shape the next phase of growth in Indias printing inks and coatings market. With the transaction now complete, Siegwerk will begin integrating operations, manufacturing capabilities, and product portfolios across its expanded India network.
Published by HT Digital Content Services with permission from FoodTechBiz.