New EFI Acquisition Said to Bolster Firm’s Digital Textile Printing

 

Electronics for Imaging (EFI), which last month announced that it’s agreed to be acquired by private-equity firm Siris Capital Group for $1.6 billion, today announced that it’s acquired privately held BDR Boya Kimya San. Based in Bursa, Turkey, BDR is said to be a leading manufacturer of reactive inkjet inks for industrial digital textile printing.

BDR is being integrated into EFI Reggiani, which is said to be a global leader in textile printer technology, and it will continue to develop inks, working closely with and supporting its clients while expanding and growing its capabilities. BDR’s employees are joining EFI, working from their current sites in Turkey. While financial terms of the acquisition were not disclosed, they are not expected to be material to EFI’s second-quarter or full-year 2019 results.

“We are excited to have the BDR team on board and to fully support their industry-leading customers,” said EFI Reggiani Vice President and General Manager Adele Genoni. “The synergies arising with BDR and the world-class portfolio of EFI Reggiani textile printers will be a key point of emphasis for us to continue providing high-quality products and innovation. EFI Reggiani is also significantly strengthening its presence in Turkey with this acquisition, which brings us to the heart of an important and growing textile hub.”

Founded in 2016, BDR is said to have experienced “remarkable growth since its launch in the market.” The company serves many of the world’s top textile and apparel manufacturers, delivering products that are said to drive greater cost-efficiency and quality in digital printing. Thanks to its strong commercial capabilities, BDR has built a significant presence in Turkey and Pakistan and, increasingly, across Europe, the Middle East and India as well.

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