Epson Completes Buyout of Italian Textile-Printing Company For.Tex S.R.L.
As part of its continued campaign to expand into the textile-printing market, Epson Italia, an Epson Group company, has acquired For.Tex S.R.L., a leader in the textile-printing industry. Epson Italia, which purchased a 50-percent stake in For.Tex in 2012, completed the buyout in a move that strengthens Epson says strengthens its digital textile-printing business.
Located in Como, the heart of the Italian and European textile industry, For.Tex specializes in sales of textile printing inks and in the manufacture and sale of essential treatment agents used in textile- printing processes.
Epson says it sees commercial and industrial printing, including textile printing, as promising growth areas where it says it can use its proprietary MicroPiezo inkjet-printing technology, and says it’s committed to strengthening its presence in textile printing.
Epson and For.Tex have worked closely in the digital textile-printing business since 2003 as part of Epson’s joint development of the Monna Lisa digital textile=printer with F.lli Robustelli S.R.L. (“Robustelli”). Later, in 2012, Epson Italia purchased a 50-percent stake in For.Tex in a move to strengthen ties and expand the business.
Epson expects the digital textile-printing market to grow at an annual rate of about 25 percent going forward. It says the acquisition of For.Tex gives it “know-how” across the entire textile-printing process, from strategy and design, through manufacturing and sales, enabling it to accelerate growth of the textile-printing business.
Sunao Murata, chief operating officer of Epson’s Professional Printing Operations Division, commented, ” Over the past few years, For.Tex has made an outstanding contribution to Epson’s efforts to replace analog textile printing with digital. By combining Epson’s digital inkjet textile technology with the technical and marketing expertise of For.Tex, we have been able to generate genuine value for the growing number of customers who are convinced that digital is the way forward. Now is the time to take the next step, and I am delighted to welcome For.Tex to the Epson Group. We will now further strengthen our ties as we seek to drive change in the textile-printing market and become an indispensable business partner to our customers.”
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