WILLSTAETT, Germany– XSYS, a global integrated solutions provider to the flexographic, letterpress and prepress printing markets, has entered into a definitive agreement to acquire MacDermid Graphic Solutions from Element Solutions Inc for an enterprise value of approximately $325 million.
The transaction has been approved by the Board of Directors of both companies and is subject to regulatory approvals and customary closing conditions.
XSYS also announced a change in leadership. Dr. Alexander Unterschütz has been appointed as the new Group CEO in order to spearhead XSYS’s next growth chapter. He replaces Oliver Dohn.
Unterschütz brings significant leadership experience with him with a strong track record of driving transformation programs and implementing successful growth strategies. He most recently led the components business at Linde Engineering.
Prior to his 14 years at Linde, he worked as a management consultant with McKinsey & Company.
“I am delighted to join XSYS as its new CEO and together with the whole XSYS team support its continued success. I am also excited about the combination of XSYS and MacDermid. Both businesses have highly complementary geographic footprints and product portfolios, which will enhance XSYS’ product offering, service levels as well as drive innovations to serve our customers even better” said Unterschütz.