Packaging Solutions
Xsys has announced that it has entered into a definitive agreement with Element Solutions Inc under which it will acquire certain shares and assets held by subsidiaries, comprising the MacDermid Graphics Solutions business for an enterprise value of approximately $325 million. The transaction has been approved by the board of directors of both companies and is subject to regulatory approvals and customary closing conditions.
Xsys has also announces a change in leadership. Departing group CEO Oliver Dohn has played a key role during his tenure in driving profitable growth and setting a new strategic growth and innovation agenda. He has now decided to pursue other endeavours.

Dr Alexander Unterschütz has been appointed as the new group CEO in order to spearhead Xsys’s next growth chapter. He brings significant leadership experience with him with a strong track record of driving transformation programmes and implementing successful growth strategies, most recently leading the components business at Linde Engineering. Prior to his 14 years at Linde, he worked as a management consultant with McKinsey & Company.
‘I am delighted to join Xsys as its new CEO and together with the whole team support its continued success. I am also excited about the combination of Xsys and MacDermid. Both businesses have highly complementary geographic footprints and product portfolios, which will enhance the product offering, service levels as well as drive innovations to serve our customers even better,’ said Alexander Unterschütz.
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