In the past year, a tremendous burst in M&A activity has occurred in the ink and coatings industries. As a result, powerful new combinations have been created, including Flint Group, Siegwerk Ink Packaging (with SICPA’s packaging ink division), Huber Group (with Micro Inks) and Fujifilm Sericol (with Avecia). Only time will tell whether these companies will ever reach the goals set for them. However, another series of acquisitions have drawn slightly less notice, but are no less noteworthy....