For the printing ink industry, there has never been a year like 2005. Mergers and acquisitions, which have been scarce in the past few years, dominated the news. Consider these highlights: • March 1: Fujifilm acquired Sericol International (estimated 2005 sales of $275 million); • June 16: Siegwerk Group acquired SICPA’s Packaging Ink Division (estimated annual sales of $400 million); • July 20: Flint Ink and XSYS Print Solutions agree to merge (combined 2005 sales: $2.6 billion); • A...