| PaintPRO Archives — Industry News |
X-Rite buys Pantone
X-Rite Inc., a provider of color solutions for measuring, formulating, matching and simulating color, has entered into a definitive agreement to purchase Pantone Inc. The deal is expected to close in fall 2007.
Pantone Inc., headquartered in Carlstadt, N.J., offers the Pantone Matching System, a system for identifying and communicating colors to solve color reproduction problems in the graphic arts market. Pantone has expanded its color matching system to other industries where accurate color reproduction is critical, including digital technology, fashion, home, plastics, architecture and contract interiors, and paint.
The acquisition deepens X-Rite’s range of offerings by adding Pantone’s color standards to its hardware, software and services solutions. It also leverages X-Rite’s global presence and distribution capabilities to expand the reach of Pantone’s color solutions.
Pantone and X-Rite had enjoyed a strategic partnership in providing color management solutions for the digital imaging market for the last two years. Pantone will become a new business unit within X-Rite. Current Pantone leaders will continue to play key roles in the organization.
|
|
