Since June, the printing ink industry has seen a wave of consolidations unlike anything it has witnessed in the past. In June, Siegwerk Group acquired SICPA’s packaging ink division, which had an estimated $400 million in sales in 2004. In July, Flint Ink, with 2004 sales of $1.5 billion, was acquired by CVC Capital Partners and merged with XSYS Print Solutions, forming a $2.6 billion ink company. The acquisition was finalized Sept. 30, as can be seen in our story beginning on page 22. Most...