Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

http://www.spgprints.com
http://www.thiestextilmaschinen.com
http://www.textileservicesonline.com
http://www.expoproduccion.mx/Content/Exhibitors/24/
http://ahweb.adsale.com.hk/t.aspx?unt=2354-STX15_TextileWorld
http://www.textileworld.com/partners/Shaffer_and_Max-Dyeing_and_Finishing_Plant_2014
http://ahweb.adsale.com.hk/t.aspx?unt=2396-ZhejiangTex14_TextileWorld
http://www.textileworld.com/Textile_World_Innovation_Forum_2014/
July/August 2014 July/August 2014

View Issue  |

Subscribe Now  |

Events

AATCC Color Management Workshop
08/26/2014 - 08/27/2014

Intertextile Shanghai Home Textiles - Autumn Edition
08/27/2014 - 08/29/2014

SPINEXPO™ Shanghai
09/02/2014 - 09/04/2014

- more events -

- submit your event -

Printer Friendly
Full Site
Supplier Notes

X-Rite To Bid For GretagMacBeth Parent

Grandville, Mich.-based X-Rite Inc. recently offered to purchase all of the outstanding registered shares of Switzerland-based Amazys Holding AG - the parent company of GretagMacbeth, also based in Switzerland - for approximately $280 million plus 2.11 shares of X-rite stock per Amazys share. The deal is expected to close in late spring of this year, following shareholder and regulatory approvals.

X-Rite reported that upon completion of the sale, a team of X-Rite and GretagMacbeth executives would lead the consolidation of the two companies. The resulting organization would have global headquarters in Grandville and European headquarters in Switzerland. Current X-Rite shareholders would own 74 percent of the combined entity, with the rest belonging to Amazys Holding's current shareholders.

"X-Rite is excited about the opportunity to achieve greater scale, reduce operational costs and leverage combined [research and development] efforts," said Michael C. Ferrara, CEO, X-Rite. "With the combined company, we will be in a position to deliver more innovative and high-quality solutions."

May/June 2006




Advertisement