Press Releases

Avient Acquires Ink Maker Magna Colours for $48 Million

Deal expands Avient’s sustainable solutions portfolio.

Published

3 years ago

July 5, 2021

Avient Acquires Ink Maker Magna Colours for $48 Million

(PRESS RELEASE) CLEVELAND – Avient Corporation (NYSE: AVNT), a provider of specialized and sustainable material solutions, announced it has acquired Magna Colours Ltd. for $48 million.

Magna is a supplier of sustainable, water-based inks technology for the textile screen printing industry. The Magna Colours materials will join Avient’s existing specialty inks portfolio, alongside brands such as Wilflex and Rutland.

“Magna represents an important investment in sustainable solutions as brand owners seek alternatives to legacy technologies,” says Robert M. Patterson, CEO, Avient Corporation. “We are thrilled to have Magna join Avient. We expect our collective inks portfolio will grow substantially as the threat of COVID subsides, people can safely attend sporting and other live events in person, and travel increases.”

Magna was founded in 1978 and is based in Barnsley, United Kingdom.

“While growing Magna, I had a goal to revolutionize the industry and promote sustainable options; our proven technology accomplishes that,” says Tom Abbey, chairman of Magna. “With Avient, I have found a leader aligned with our sustainability values to take us to the next level and truly globalize the business. Avient was the clear choice, and I’m thrilled for Magna to begin its next chapter.”

SUBMITTING PRESS RELEASES
Send your press releases to Screen Printing at press@screenprintingmag.com. Learn about our submission guidelines.

click to Comment(Comment)

Up Next

Our Success Group Releases New Online Training Program

Don't Miss

Ink Maker Marabu Achieves Climate Neutrality

Let’s Talk About It

Creating a More Diverse and Inclusive Screen Printing Industry

LET’S TALK About It: Part 3 discusses how four screen printers have employed people with disabilities, why you should consider doing the same, the resources that are available, and more. Watch the live webinar, held August 16, moderated by Adrienne Palmer, editor-in-chief, Screen Printing magazine, with panelists Ali Banholzer, Amber Massey, Ryan Moor, and Jed Seifert. The multi-part series is hosted exclusively by ROQ.US and U.N.I.T.E Together. Let’s Talk About It: Part 1 focused on Black, female screen printers and can be watched here; Part 2 focused on the LGBTQ+ community and can be watched here.