FLEXcon recently announced that it has entered an agreement to acquire the business assets of the Graphics Division of Arlon Inc. FLEXcon plans to form a new, wholly owned subsidiary to be named Arlon Graphics LLC.
This move is intended to strengthen FLEXcon’s market leadership position by expanding its product portfolio in advertising and promotional products, as well as its sales channel and global market presence. The new Arlon Graphics LLC will extend offers of employment to the executives and employees, the company reports. When the acquisition is complete, FLEXcon will have the option to purchase Arlon Engineered Coated Products and Arlon SignTech Ltd., following necessary due diligence.
“FLEXcon is attracted to the Graphics Division of Arlon Inc. for its complementary product lines and its skilled, dedicated workforce,” said Neil McDonough, president and CEO of FLEXcon. “The synergies between the two companies are ideal. Both manufacturers are dedicated to delivering quality products and unbeatable customer service. This move will further strengthen FLEXcon’s product range and secures our status as a market leader.”
“The agreement to purchase the Graphics Division of Arlon Inc. is in response to changing market needs and evolving customer demands,” said Michael Kelliher, executive vice president of Sales and Marketing for FLEXcon. “Our customers will benefit from FLEXcon’s expanded product offering and our continued commitment to the highest quality of customer service.”
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FLEXcon to Purchase Graphics Division of Arlon
February 8, 2011