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LUXEMBOURG, LuxembourgFlint Group confirmed, today, the successful completion of the sale of its XSYS division to an affiliate of Lone Star Funds (Lone Star), a global private equity firm.

Terms of the transaction were not disclosed.

Steve Dryden, Flint Group CEO, said: “We are delighted to have completed the sale of our XSYS division. The transaction is attractive, both financially and strategically, for Flint Group as we reinforce our position as a leader in conventional and digital printing consumables and equipment for the structurally growing segments of paper & board, flexible packaging, and narrow web labels.

“I would like to thank our XSYS colleagues for all of their hard work and wish them well in their future with Lone Star.”