Cleveland-based Avient recently acquired Magna Colours Ltd., England, for $48 million. The MagnaColours® water-based ink technologies for textile screen printing will be added to Avient’s specialty ink portfolio joining brand such as Wilflex® and Rutland®.
“Magna represents an important investment in sustainable solutions, as brand owners seek alternatives to legacy technologies,” said Robert M. Patterson, chairman, president and CEO, Avient. “We are thrilled to have Magna join Avient. We expect our collective inks portfolio will grow substantially as the threat of COVID subsides, people can safely attend sporting and other live events in person, and travel increases.”