Wood Dale, IL (April 9, 2002) - Punch
International NV of Belgium announced today that it has acquired the
activities of Xeikon America, Inc. The agreement follows Punch’s acquisition
of Xeikon NV’s digital color printing assets in Belgium announced on March
7, 2002. Xeikon America will continue its initiative launched in September
2001 to service and sell directly to end users in North America.
“There are tremendous opportunities in
North America for digital color printing and, with its industry knowledge
and experience, Xeikon America is the ideal channel to rapidly expand these
markets,” says Guido Dumarey, CEO of Punch. “The acquisition of Xeikon
America is vital to our worldwide goal of securing market leadership in
production digital color printing.”
“The acquisition by Punch shows great
confidence in Xeikon America’s expertise in selling and supporting digital
printing systems,” says Paul Peyrebrune, President and CEO of Xeikon
America. “We look forward to continuing to grow the well established Xeikon
America user base.”
Punch International and Xeikon America
will present their new strategy and business plan for North America at an
On Demand Press Conference. The Press
Conference will be held on Tuesday April 23, 2002 at 11 AM at the On Demand
Show in New York City at the Jacob Javits Center.
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