Deal Details
IIMAK Sold to ARMOR USA, Inc.
Summary
International Imaging Materials (“IIMAK”), a portfolio company of ACON Investments LLC (“ACON”), recently completed the sale of its industrial segment to ARMOR USA, Inc., a subsidiary of Armor SA (“ARMOR”). Financial terms of the transaction were not disclosed. Following the transaction, ACON will retain its ownership in the medical contract manufacturing segment of IIMAK, known as iiMED Medical Solutions, LLC.
Baird served as financial advisor to International Imaging Materials on this transaction.
About
IIMAK’s industrial segment is a global developer and manufacturer of printing, imaging and marking solutions for consumable products. Headquartered in Amherst, New York, with additional operations in Belgium, Brazil and Mexico, IIMAK is a leading developer and manufacturer of thermal transfer ribbons, direct thermal films and fluid inks used to print on-demand variable information such as bar codes, text and graphics in automatic identification, packaging and graphics markets.ACON is a Washington, DC-based international private equity investment firm that manages private equity funds and special purpose partnerships that make investments in the United States, Latin America and Europe. Founded in 1996, ACON has responsibility for managing approximately $6.1 billion of capital. ACON has professionals in Washington, DC, Los Angeles, Mexico City, Madrid, São Paulo and Bogotá.
ARMOR, through its ARMOR Industrial Coding and Printing business, is the world's leading manufacturer of Thermal Transfer ribbons. ARMOR is headquartered in Nantes, France.
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- Date
- October 2021
- Company
- International Imaging Materials
- Transaction
- M&A - Sellside
- Sectors
- Industrial
- Verticals
-
Specialty Materials & Chemicals
- Target Geography
- North America
- Acquiror Geography
- North America
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