German printing ink solutions provider Siegwerk Druckfarben has acquired Brazil-based Tupahue Tintas to expand its business in the Latin America (LATAM) region.
Located in Diadema, São Paulo, Tupahue Tintas is a family-owned company that provides inks, varnishes and solvents for flexo and gravure printing.
Since its establishment in 1989, the company has offered new ink solutions particularly designed for addressing the needs of packaging converters in the local market.
Siegwerk LATAM regional president and head Andrea Serturini said: “With the purchase of Tupahue Tintas, we add a well-established ink provider with high-quality products for packaging applications to the Siegwerk family.
“You can see a growing demand for customised applications and high-end packaging in Latin America.
“When it comes to packaging, flexo and gravure solvent-based are still the major printing processes used in the region. Combining now Tupahue’s and our know-how and technology in these fields adds great value to our offering for the local markets.”
The current acquisition will also further strengthen Siegwerk’s ability to better serve specific local market demands.
With the completion of the acquisition, all technical expertise and product portfolio, in addition to the manufacturing equipment related to Tupahue’s headquarters in Diadema, will be transferred to Siegwerk.
Tupahue Tintas’ portfolio includes flexo and gravure printing inks and varnishes that are best suited for a wide range of substrates such as low-density polyethylene (LDPE), high-density polyethylene (HDPE), biaxially oriented polypropylene (BOPP), PP, polyolefin, polyester, aluminium, metallised films and others.
Financial details related to the transaction have not been disclosed.