Following its acquisition by Koch Industries and Goldman Sachs, ink maker Flint has appointed an advisory board to "oversee and support" its management team.
Koch Development - part of diversified manufacturer Koch Industries partnered Goldman Sachs Group's merchant banking division to buy Flint Group from CVC Capital Partners last April .
Pierre-Marie De Leener - currently chairman of Braas Monier Building Group and a director of Trinseo - has joined Flint Group and will chair the new advisory board as successor to Charles Knott. A Belgian national, he has board experience at private and public including PPG Industries and SigmaKalon in sectors including coatings and speciality materials.
Board executive director will be David Scheible, currently chairman and chief executive of US-based folding carton maker Graphic Packaging. He is a former vice president and general manager of Avery Dennison's specialty tape and automotive division, and previously worked for tyre-maker BF Goodrich.
Flint Group chief executive Antoine Fady and chief financial officer Steve Dryden, will also join the board together with shareholder representatives.
Says Fady, "This board will provide Flint Group with strong industry and financial capability and experience, which together with our new shareholders full support, puts us in a great position to deliver our strategy."
Flint makes coldset ink and consumables for the newspaper industry, including Day blankets and Varn washes and fountain solutions. It operates 137 sites in 40 countries with 6600 employees. Koch companies manufacture products including fuels, fibres, fertilisers and filtration, as well as building and consumer products, electronic connectors and pollution control equipment.