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Sun Chemical Announces Acquisition of
Envoy Communications Group Inc. UK Holdings
Parsippany, NJ
- September 15, 2006 -- The Sun Chemical Group, the world's leading manufacturer of printing inks and pigments, today announced the completion of its acquisition of Envoy Communications Group Incorporated's United Kingdom subsidiaries; ECG Holdings (UK) Limited, Watt Gilchrist Limited and Parker Williams Design Limited. The agreed sale price is CAD $27 million.
Watt Gilchrist, headquartered in Leeds, UK, is one of the leading graphic arts companies in the UK while London-based Parker Williams is one the leading packaging design and brand development firms in the UK. The acquisition will enable Sun Chemical to better serve its customers in the areas of packaging development and color management and will also create new opportunities for Watt Gilchrist and Parker Williams. The acquisition includes the ODIN packaging and digital asset management system.
"This addition will greatly enhance Sun Chemical's understanding of packaging market trends and customer needs," said Dr. David Hill, president and CEO of Sun Chemical. "The acquisition of Watt Gilchrist and Parker Williams will allow Sun Chemical to provide superior service to customers in the packaging segment and other markets requiring sophisticated color management."
Paul Bean, managing director of Watt Gilchrist added, "Our combined portfolio of products, and services, and color management technologies will provide faster design and launch of new package concepts to package goods companies and retailers."
Kate Bradford, managing director of Parker Williams Design added, "We are all excited about the opportunity to tap into global trends and new innovative packaging technology which this deal creates."
About Sun Chemical
Sun Chemical, the world's largest producer of printing inks and pigments, is a leading provider of materials to packaging, publication, coatings, plastics, cosmetics, and other industrial markets. With annual sales approaching $4 billion, Sun Chemical has over 12,000 employees supporting customers around the world. The Sun Chemical Group of companies includes such well-known names as Coates Lorilleux, Hartmann, Kohl & Madden, and US Ink.
Sun Chemical Corporation in the U.S. and Sun Chemical Limited in England are subsidiaries of Sun Chemical Group B.V., the Netherlands. Sun Chemical has headquarters in Parsippany, New Jersey, U.S.A.; Slough, England; and Weesp, the Netherlands. For more information, please visit our Web site at www.sunchemical.com.
About Watt Gilchrist Limited
Watt Gilchrist produces high quality graphics for the retail/ consumer package goods packaging and publishing markets. Gilchrist has the internal process expertise in graphic arts from concept to shelf/market, incorporating creative design, artwork, reprographics, and associated services such as creative retouching, colour management, packaging technology, mock-ups and pack copy. Clients include: Asda Wal-Mart, Somerfield Stores, Tetra Pak, Kappa Zedek, John Lewis, Harrods, Wyeth, etc. For more information on Watt Gilchrist or the ODIN brands please visit www.gilchrist.co.uk.
About Parker Williams Design
Founded in 1990 by designers Tamara Williams and Tony Parker, Parker Williams Design is a brand development and packaging design company located in West London. Clients include: Sainsbury's Supermarkets, Bombay Halwa, Co-op Norden, Disney Stores, Early Learning Centre, Noon Products, Premier Foods, Reckitt Benckiser, Fuller Smith & Turner, Constellation, Hasbro, R. Twining & Co., Alfille, and Infuzions. For more information on Parker Williams Design visit www.parkerwilliamsdesign.co.uk.
About Envoy
Envoy Communications Group (NASDAQ: ECGI / TSX:ECG) businesses include the Watt Group, an international consumer and retail branding group of companies, and Envoy Capital Group, a merchant banking and financial services company. For more information on Envoy Communications Group Inc., visit their website at www.envoy.to.
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