Australian manufacturer and supplier of UV-cured inks, coatings and varnishes, Prismatic Inks, has acquired specialist print coating and adhesive manufacturer Monocure Pty Ltd in a strategic move.
The purchase will allow Prismatic to expand its Australian-owned manufacturing operation to include a a full range of locally manufactured aqueous and UV inks, varnishes, coatings, adhesives and special effect products and services.
Prismatic Inks director Phil Reidy said the acquisition will allow Prismatic to better meet the needs of the Australian print coating market.
“Monocure is a strong brand, and its products are well known in the industry. Key personnel have been secured from the Monocure team to ensure a seamless transition of the Monocure business within the Prismatic framework,” Reidy said.
“The dynamic nature of current times, stability of supply by an Australian based manufacturer, increased capacity and the ability to offer a more comprehensive product portfolio, we believe will present real
opportunities.”
Existing distributors in New Zealand – Thorsin Solutions Ltd – will continue to distribute the Monocure branded products in NZ.
Monocure 3D Pty Ltd will continue to operate as a separate standalone entity and is not part of the acquisition.
“The Directors of Prismatic Inks are excited about the possibilities to further grow Prismatic Inks as a result of this amicable merger,” Prismatic Inks director George Susko said.
“We are confident that the market will be happy to support this combination of 100% Australian expertise, experience and customer service. We will be contacting all customers to explain in more detail how the transition will be managed and to answer any questions our customers may have.”
Customers are urged to contact George Susko, Prismatic Inks on + 61 2 9729 1856 or by email at georges@prismaticinks.com.au for more information.
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