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EFI Completes Acquisition of Jetrion LLC

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By: DAVID SAVASTANO

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

EFI, the world leader in color digital print servers, superwide format inkjet printers and inks, and print management solutions, announced Oct. 31, 2006 it has completed its acquisition of Jetrion LLC, a subsidiary of Flint Group, for approximately $40 million in cash. Jetrion is a leading innovator of inkjet printers, inks and custom printing systems for the label and packaging industries.

For the full year 2006, Jetrion is expected to post revenues of approximately $16 million to $18 million. The Jetrion products are currently anticipated to show top line growth of 30 percent to 40 percent in 2007 and again have an immaterial impact to pro forma earnings as EFI makes investments to expand the Jetrion product line and distribution.

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