IIMAK Sold to ARMOR USA, Inc.

Industrial

IIMAK, a portfolio company of ACON, sale of industrial segment to ARMOR USA, Inc., a subsidiary of ARMOR


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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Industrial

IIMAK, a portfolio company of ACON, sale of industrial segment to ARMOR USA, Inc., a subsidiary of ARMOR

Date
October 2021
Company
International Imaging Materials
Transaction
M&A - Sellside
Sectors
Industrial
Verticals
Speciality Materials & Chemicals
Water & Filtration
Target Location
North America
Acquiror Location
North America

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