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May 4 has marked the official entry of the European private equity company Astorg into the capital of Armor-IIMAK, an Armor group company, as a minority shareholder (40 percent). The capital contribution, the amount of which remains confidential, will support the EUR 150 million investment plan over the next four years. ‘On behalf of the Armor Group, I am delighted to be able ....
Armor-Iimak is one of the world leaders in designing and manufacturing thermal transfer ribbons, including its primary activity of printing and marking variable data on labels and flexible packaging. At the beginning of 2022, the two companies announced an exclusive negotiation agreement, with Astorg acquiring approximately 40 percent of Armor-Iimak’s capital. ....
The combined thermal transfer activity will operate under the name of Armor-IIMAK with consolidated revenues of more than USD 400 million. With a history for both companies dating back to the 1980s through a shared license from the Japanese company Fujicopian until 1998, Armor has enjoyed strong growth in Europe, with IIMAK similarly benefiting in the US. Armor-IIMAK now has ....