Press release submitted on behalf of XSYS
XSYS, Willstaett, Germany, a global integrated solutions provider to the flexographic, letterpress and pre-press printing markets, announces that it has completed the acquisition of the MacDermid Graphics Solutions business (“MGS”) from Element Solutions Inc (NYSE: ESI). The transaction was signed on 1 September 2024 and has been approved by all the relevant regulators globally. The combination of XSYS and MGS will create one of the leading companies in the sector worldwide.
“We are excited to announce the completion of this transformative combination and to join forces with our new MGS colleagues” said Dr. Alexander Unterschuetz, Group CEO of XSYS. “This transaction creates significant value and opportunities as a result of the complementarity of both businesses’ product portfolio, services, and employees, thus making us a more complete solution provider for our customers.” He further commented, “This, together with the strengthened knowledge and resources of our dedicated technical support teams, will enable us to deliver even better products and services to our customers, who are at the center of everything we do”.
The combined business will have a workforce of approximately 850 employees worldwide and turnover of approximately €370 million.
About XSYS
Headquartered in Willstaett, Germany, XSYS operates globally and is a leading supplier offering both flexographic and letterpress prepress solutions, including plates, sleeves, processors, workflow solutions, and expert professional services, designed to help these industries move forward with increasing innovation, improved productivity and profitability, and a reduced environmental footprint.
In recognizing our endeavor to bring more brilliance into the packaging industry – into the lives of our customers and colleagues – XSYS has achieved a Gold Medal rating from EcoVadis for its sustainability. This distinction goes beyond our commitment to protecting the environment by also evaluating our dedication to social responsibility, diversity, and human rights.
The broad XSYS portfolio comprises some of the industry’s best-known brands of consumables (nyloflex® and nyloprint® plates), plate processing equipment (ThermoFlexX, Catena and Xpress), surface screening software (Woodpecker), plate mounting (rotec®), and washout solvents (nylosolv®). Brilliant products and services for brilliant print results and business success. For more information, visit www.xsysglobal.com.
About MacDermid Graphics Solutions
MacDermid Graphics Solutions, formerly a division of Element Solutions Inc, is a global leader in the manufacturing of photopolymer plates and equipment used in flexographic printing. We deliver high-quality graphic capabilities for the packaging printing markets globally. Our mission is to provide a world-class customer experience, while meeting flexographic printing plates needs with award-
winning technology. This is achieved through creating strategic value for our customers from start to finish. We are an open provider and offer the best possible solutions via industry partnerships.
MacDermid Graphics Solutions is passionate about our planet and our industry. We consider ESG to be a business imperative, an extension of our growth strategy and a reflection of our values. We are a founding partner of the Flexo Xperience Center. For more information, visit www.macdermidgraphics.com.