Siegwerk acquires La Sorgente Spa

It expands its product portfolio for packaging printers

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Siegwerk acquires La Sorgente Spa
From Left to Right - Christopher van Laack (Siegwerk), Mario Magni (La Sorgente Spa), Carla Magni (La Sorgente Spa), Francesco Magni (La Sorgente Spa), Federica Magni (La Sorgente Spa), David Charquet (Siegwerk)

Siegwerk, one of the leading international suppliers of printing inks for packaging applications and labels, has signed a contract to purchase the Italian ink manufacturer La Sorgente Spa. The family-owned company is located in Poppi (Arezzo), Italy. It manufactures high-quality water-based flexographic inks for paper and board applications and solvent-based inks for flexible packaging. Founded in 1929, the company is one of the most important ink suppliers for flexographic printing in Italy today.

With this acquisition, Siegwerk further expands its product portfolio for packaging printers while concretely strengthening its local footprint in the Italian market. “La Sorgente Spa is a well-established ink expert for paper and board and flexible packaging applications with a strong reputation in Italy. Its ink solutions fit perfectly into our product portfolio,” says Dirk Weißenfeldt, vice-president of Flexible Packaging EMEA at the company. The purchase will enable Siegwerk to significantly expand its presence while building up its infrastructure and workforce to further grow in Italy.

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The acquisition will help Siegwerk to serve customers in Poppi

The deal includes the transfer of all technical expertise, product portfolio and manufacturing equipment belonging to La Sorgente Spa. It will continue to produce and serve customers from the production site in Poppi. As a member of the family, La Sorgente Spa will remain a separate entity maintaining its own brand and product names. “The integration of the acquired products into Siegwerk’s ink offering will enable customers to benefit from a more comprehensive product portfolio and a wider technological expertise”, concludes Christopher van Laack, vice-president of Paper & Board EMEA and liquid food packaging at the company. Both companies will work closely together to ensure a smooth integration of business without any interference for current customers of both companies.

“We are delighted to have found in Siegwerk a great partner and new owner for our company. The company will integrate our inks into a significantly larger organization, thus advancing our current products globally,” says Mario Magni, owner and chairman at La Sorgente Spa. After the deal’s closure, the family will continue to serve as the management team for the present Italian operation.

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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