SAATI acquires substantially all of IKONICS assets
13 August 2022: SAATI S.p.A. (SAATI) has announced that SAATI Advanced Chemicals LLC, a newly formed company fully owned by SAATI’s USA subsidiary, SAATI Americas Corp, on August 12, 2022 has purchased substantially all of the assets of IKON ICS Corporation (IKONICS) held in connection with its four business divisions: Chromaline Screen Print Products, IKONICS Imaging, IKONICS Industrial Inkjet Solutions and IKON ICS Advanced Material Solutions.
The objective of the transaction is to combine SAATI’s and IKONICS’s complementary and leading solutions in screen printing and imaging businesses across the different market segments, leveraging the natural commercial and operational synergies. The acquisition also aims at developing a common R&D roadmap for leading edge and sustainable solutions for screen printing and imaging applications.
“We couldn’t be more thrilled and inspired to be joining forces with the Ikonics team and their distribution network to accelerate our growth initiatives and continue to drive innovation and value to the markets we serve together,” said Wayne LaBrie, General Manager of SAATI Americas Corp.
“Combining the strengths of SAATI and IKONICS will clearly benefit our distributors and customers. Integrating operations will widen our range of products and increase operational efficiencies to improve availability. Blending our technical teams will accelerate innovation to the benefit of printers worldwide. We are excited to offer all of these enhancements with the same loyal service and delivery.” said Ken Hegman. Chief Operating Officer of IKONICS.
SAATI is the parent company of a multinational group headquartered in Como, Italy. Developing, Manufacturing and Distributing Technical Fabrics and Breathable Membranes, Chemicals and Equipment for Screen Printing and Related Markets such as Filtration (Healthcare, Water, Food, Process, Automotive, Appliances), Consumer Electronics and Multi-Threat Protection.
Founded in Italy in 1935, with 15 sites globally and approximately 1,000 employees, SAATI is one of the main players in its target markets, developing solutions aimed at improving the life of every person every day.
IKONICS is a Minnesota Corporation and has been as an international leader in the development of imaging technologies for over 65 years. The company has introduced products and process solutions for a diverse array of imaging markets.
