The deal is expected to close in late February. Fujifilm said, 'The acquisition will further expand and develop Fujifilm's printing business, one of the company's core businesses into other areas of industrial and package printing which are expected to grow steadily in demand.'

Fujifilm plans to operate Sericol as one of the key business units within it's printing business and that its current management, including Chief Executive Ed Carhart, will remain with the company.

Ed Carhart commented, 'We are very pleased and excited with this change of ownership. Fujifilm is a well run, innovative, technology driven company with extensive resources that we will be able to draw upon to continue to grow all facets of our business.'

Sericol is the world leader in the production of premium inks and other consumables for the screen-printing and narrow web industries. It has also aggressively expanded and taken a leading position in the wide format digital ink market.

Sericol has a strong reputation for its technical support services and business partnering programs with its customers. Sericol is known for the quality of its products and services and is a technology leader in UV screen, flexo and digital inks.

Sericol's main manufacturing facilities are in Broadstairs, England and Kansas City, Missouri, USA. It has other plants around the world and employs 1200 worldwide.

A global company with a reputation for the highest quality and reliability, Fujifilm is a leading provider of imaging, information, and document-related products and services. In the year ending March 31, 2004, it had global revenues of more than $24 billion, and employs 73,164 people worldwide. Its product lines and services include photographic films, digital cameras, lab equipment, photofinishing services, digital color multifunction printers, document managing solutions and services.

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