Silicon Valley tech firm swoops for dye manufacturers
US TECHNOLOGY company Electronics For Imaging (EFI) has acquired Yorkshire-based Rialco, a supplier of dye powders and colour products for the digital print and industrial manufacturing industries.
The NASDAQ-listed firm, based in Silicon Valley, is a specialist digital imaging and will incorporate Bradford-based Rialco into its industrial inkjet business.
EFI said it plans to improve its inkjet portfolio with Rialco’s advanced ink component capabilities.
Financial terms of the acquisition were not disclosed, but the deal is not expected to be material to EFI’s Q1 or full-year 2016 financial results.
“The deal announced today gives EFI the platform to accelerate the technical advantages we provide to customers in the textile, signage, ceramics and other industries that are rapidly transitioning from analog to digital printing,” said Stephen Emery, vice president of EFI’s ink business.
“Being part of EFI gives us an important opportunity to continue growing our offerings as part of a leading developer of advanced industrial ink products,” said Paul Davies, a Rialco co-founder.
A team from the Leeds office of Schofield Sweeney, led by corporate partner Adrian Ballam, supported by Catherine Umpleby and John Feaster, advised the shareholders of Rialco.
Other advisers for the selling shareholders were Drinker Biddle & Reath (US legal counsel) and Grant Thornton’s Leeds tax team (Fletcher Adamowicz and Adam Gough).
EFI was advised by O’Melveny & Myers.
