Another big acquisition

The thumbnail version:

  • Avient acquires another screen printing ink manufacturer

The full version:

Today Avient announced its acquisition of Magna Colours Ltd. for USD48M.

Avient (until recently known as PolyOne) now adds Magna water-based ink to its other acquired plastisol ink brands including Wilflex, Rutland, Union, and QCM.

Magna has been based in the UK since it was founded in 1978. It is described as a leader in water-based ink technology for the textile screen printing industry.

So what should a Canadian textile screen printer read between the lines? Well, first, the giant among textile ink manufacturers, Avient, seems confident that textile screen printing has a long  future. And, second, that future will see a growth in water-based printing.