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Flint Group Completes Sale of XSYS Division to Lone Star Affiliate

Terms of the transaction were not disclosed.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Flint Group confirms the successful completion of the sale of its XSYS division (XSYS) to an affiliate of Lone Star Funds (Lone Star), a global private equity firm.

Terms of the transaction were not disclosed.

“We are delighted to have completed the sale of our XSYS division,” said Steve Dryden, Flint Group CEO. “The transaction is attractive, both financially and strategically, for Flint Group as we reinforce our position as a leader in conventional and digital printing consumables and equipment for the structurally growing segments of Paper & Board, Flexible Packaging, and Narrow Web labels. I would like to thank our XSYS colleagues for all of their hard work and wish them well in their future with Lone Star.”

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