On October 4, 2021, the ARMOR Group announced the acquisition of IIMAK (International Imaging Materials, Inc.). The combined Thermal Transfer activity will be called ARMOR-IIMAK with consolidated revenues of more than $400 million, establishing it as the global market leader in the design and production of thermal transfer ribbons for the printing of variable traceability data on labels and flexible packaging.
Hubert de Boisredon, Chairman and CEO of the ARMOR Group: "Convinced of its strategic importance, I have actively pursued this merger and am especially proud today to be able to announce this acquisition. Our main objective will be to unify our strengths in order to benefit our customers, partners and employees."