Roselle, New Jersey based Pamarco Global Graphics, Inc., a provider of technology solutions for the global packaging, industrial coatings, commercial printing, and original equipment manufacturing industries, announced the further expansion of its European presence through the acquisition of TLS Anilox GmbH and TLS Invest GmbH, a leading provider of anilox rolls and related equipment headquartered in Salzkotten, Germany.
“TLS Anilox, established 10 years ago in the heart of Europe, will bring to Pamarco additional production capacity, while continuing to provide exceptional service and superior quality anilox rollers and sleeves to customers,” said Christopher Wasserman, TLS CEO and Founder/President of TeroLab Surface Holding SA.
“As family-owned entrepreneurial companies with strong human values, Pamarco and TLS Anilox are the ideal strategic partners.”
TLS provides laser engraved anilox rolls for a diverse set of customers in the flexographic, corrugated, and other end markets, all of which complement Pamarco’s existing offerings.
The acquisition includes the sale of TLS’s patented TeroLux carbide coating process that offers improvements over ceramic coatings of anilox rollers.
“For Pamarco, this acquisition represents a key strategic objective of ours to have a full service anilox producer in the heart of the European market to better service the converting and OEM customer base,” said Pamarco President John Burgess.
“TLS has an excellent quality and service reputation and a world-class sales and distribution network, which we will combine with our own to give us unsurpassed cover age in Europe and beyond.
“We also intend to continue to take advantage of some of the unique products created by TLS, such as TeroLux, and expand sales of these products worldwide.”
Allan Li, CEO of Pamarco, said that they are extremely excited to welcome TLS, its employees, and its customers to the Pamarco family. “The TLS deal exemplifies Pamarco’s acquisition strategy — growth of Pamarco’s global footprint, the addition of blue-chip clients in the growing flexographic end market, and expansion of Pamarco’s portfolio of leading technologies.
“We look forward to strengthening our position as the trusted supplier to our customers by providing value added products and services to both new and existing customers globally,” he said.
Mazzone & Associates acted as investment banking advisor to Pamarco, with Rödl & Partner acting as legal advisor. Gleiss Lutz acted as legal advisor to TLS.
Terms of the transaction were not disclosed.