Vibrantz Technologies has announced that its DipTech Ltd. subsidiary based in Israel has entered into an agreement to sell its digital printer business to Kerajet S.A. The digital ink business is not part of the sale. The deal is expected to close within the next 60 days.
“This sale allows Vibrantz to redouble our focus on the production and development of digital inks for Kerajet and other digital printer manufacturers,” said D. Michael Wilson, Vibrantz president and chief executive officer. “It also helps ensure our unmatched glass expertise and capabilities continue to grow in support of the digital printing market.”
“Kerajet’s expertise in the ceramics market and two decades of experience in digital printers well positions the company to take over DipTech’s digital printer business,” added Matthias Bell, president of Performance Coatings at Vibrantz.
Vibrantz will provide further information to DipTech customers upon the closing of the transaction. Until that time, customers should continue transacting with DipTech as usual.
Founded in 1999 and headquartered in Castellón, Spain, Kerajet is a leading technology company in the manufacture of advanced digital printers for the ceramic industry. Kerajet currently has more than 4,000 digital printers installed in more than 44 countries in sectors as diverse as ceramics, textiles, tableware, PVC, LVT, fibre cement, etc.
With the acquisition of Dip-Tech, Kerajet continues with its business expansion policy and gains a presence in the industrial glass sector, completing its industrial digital printing solutions.