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Siegwerk to acquire Hi-Tech Inks
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Saturday, 28 March, 2026, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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Siegwerk has announced the signing of a definite agreement for the acquisition of Hi-Tech Inks. The move will significantly strengthen its position in the fast-growing Indian flexible packaging market, making the combined business the largest player in the country with over 20 percent market share.
The acquisition underscores its long-term commitment to India and the broader Asia region, one of the company’s most important strategic growth markets. By bringing together complementary strengths, expanded production capabilities, and a wider product offering, it is set to deliver greater value, innovation, and supply reliability to packaging converters and brand owners across the country.
The company will add a robust portfolio of solvent- and water-based inks, metallic and special-effect inks, varnishes, and over print varnishes (OPVs) to its global portfolio. The integration will enhance its manufacturing footprint in India with dual sites in Bhiwadi, Rajasthan and Vapi, Gujarat – improving capacity and operational resilience. The combined organisation will employ approximately 1700 people across India, further boosting its ability to serve converters and brand owners with more robust capability and responsiveness.
Ashish Pradhan, President of Siegwerk Asia, said, “Hi-Tech Inks has built an impressive legacy of quality, agility, and customer focus, and we are delighted to welcome them into the Siegwerk family. This acquisition will strengthen our position in India’s flexible packaging market and will expand our ability to serve customers with greater scale, capability, and innovation. Together, we will be well-placed to shape the next phase of growth for the industry.”
Karan Mahajan, Managing Director, Hi-Tech Inks, said, “Siegwerk’s commitment to quality, sustainability, and customer focus aligns perfectly with the values that we have always stood for. Joining the Siegwerk family represents a significant milestone for Hi-Tech Inks. By combining our strengths, we are creating new opportunities to grow, innovate, and deliver even greater value to customers across India’s flexible packaging industry.”
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