XSYS, a global integrated solutions provider to the flexographic, letterpress and pre-press printing markets, has announced the completion of the acquisition of MGS (MacDermid Graphics Solutions business) from Element Solutions Inc. The transaction was signed on 1 September 2024 and has been approved by all the relevant regulators globally.
“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 centre of everything we do”.
The combined business will have a workforce of approximately 850 employees worldwide and turnover of approximately €370 million.
Headquartered in Willstaett, Germany, XSYS operates globally offering both flexographic and letterpress prepress solutions, including plates, sleeves, processors, workflow solutions, and expert professional services.
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). MacDermid Graphics Solutions, formerly a division of Element Solutions Inc, is a global player providing photopolymer plates and equipment used in flexographic printing.
