New Day dawns on Flint Group takeover

"By combining the complementary product lines of the two companies, we are creating a stronger supplier with a significantly broader range of products for our customers around the world," said Dave Frescoln, ceo of Flint Group. "In addition, Day's image transfer technologies provide a strong avenue to market for all of our products, in both conventional and digital printing."

According to a company release Day International will operate as a business unit within the larger group.
Flint Group and Day International both have manufacturing plants in Australia, headquartered in Victoria. Jim Rodgers is managing director of Flint, while Brent Stephen heads up Day International. It is still too early to expect any answers on how the takeover will work out in terms of numbers and site rationalisations.

Closing of the agreement is expected to occur in 30 to 60 days’ time. Bringing the 8300 employees together will boost revenue for the group; combined revenues for 2007 are estimated to be $3.32 billion.

Customers will benefit from the acquisition as they will receive more choice and be offered stronger service. "Combining Day International's range of products with those of Flint Group creates an exceptionally strong portfolio to support printers around the globe," said Dennis Wolters, president and ceo of Day. "The expanded organisation will be in a strong competitive position in the best sense, allowing customers to meet most of their pressroom needs from a single, trusted resource."

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