ITW Signode scales further up with Wintek Flexo acquisition

Illinois Tool Works (ITW) Signode India, an industrial packaging solution provider, has acquired the complete operation of Bengaluru-based Wintek Flexo Prints to complete its packaging portfolio.

22 Feb 2012 | By Samir Lukka

“It’s an 100% acquisition and Wintek Flexo Prints  will now operate as a unit of ITW Signode India,” said Gururaj Ballarwad, of Wintek Flexo Prints who feels that hybrid technology consisting of gravure, offset, flexo and screen printing will be the game changing technology for label printing in India.

“ITW was looking to venture into labels and cartons in India and Wintek had future growth in mind which led to this consolidation. It will be the blueprint of growth for Indian label industry in the coming years,” added Ballarwad. 

One of the largest users of Gallus narrow-web presses in India, Wintek is already under process of the technology adoption to get integrated with ITW’s other manufacturing facilities at Rudraram (Andhra Pradesh), Surangi (union territory of Dadra & Nagar Haveli), Pune (Maharashtra) and Rudrapur (Uttarakhand).

ITW will invest in new equipment at Wintek to scale up its folding carton division, operated on a smaller scale than its labelling division till now.

Illinois Tool Works, was founded nearly 100 years ago, has over 60,000 employees, thousands of patents, and operates as a decentralised and diverse collection of manufacturing and industrial businesses.

This article was published on 21 February 2012 and received 388 views