07.19.23
1100 N. Harvester Road
West Chicago, IL 60185
Phone: (630) 231-6500
Fax: (630) 231-6585
www.cicink.com
Sales: $90 million.
Major Products: Web offset, heatset, coldset, sheetfed, flexo and UV inks; pressroom chemicals and energy curable coatings.
Key Personnel: Dan Breen, CEO; Gregg Dahleen, president; Scott Feigleson, CFO.
Number of Employees: 140 (Ink World estimate).
Operating Facilities: West Chicago, IL; Plymouth, MN; Menomonee Falls, WI; Swedesboro, NJ; Sparks, NV; Omaha, NE; Miami, FL; Bogota, Colombia.
Comments: Central Ink Corporation (CIC) had an excellent year in 2023, with sales growing dramatically as the company added to its energy coatings offerings and operating facilities, and Central Ink CEO Gregg Dahleen sees more ahead for 2024 and beyond.
“All in all, we had a good year,” said Dahleen. “The heatset market had a really strong post-COVID rebound. We had greater than expected growth not only in our traditional markets but also in our non-traditional targeted markets, specifically UV. We made some additions in the past year and I feel very confident about our team right now.”
There has also been some good news on the raw materials front, which has been a major concern in recent years, as Dahleen noted that Central Ink has seen some stabilization in raw materials in the fourth quarter.
However, there do remain serious concerns, particularly over volume declines in the first quarter.
“Personally, I don’t think any of us have anticipated the volume drops we are experiencing currently,” Dahleen observed. “I am not sure when that’s going to rebound. Customer inventory levels and ours are my concerns now.”
Even with those concerns, Dahleen sees a bright future ahead for Central Ink.
“I am excited about Central Ink’s future,” Dahleen concluded. “We fulfill our niche very well and we have the upside of expanding into some different product lines. Our recent acquisition of coatings, specifically energy curable/specialty coatings, is giving us diversity to our product portfolio. We also see some regional growth in our future.”
West Chicago, IL 60185
Phone: (630) 231-6500
Fax: (630) 231-6585
www.cicink.com
Sales: $90 million.
Major Products: Web offset, heatset, coldset, sheetfed, flexo and UV inks; pressroom chemicals and energy curable coatings.
Key Personnel: Dan Breen, CEO; Gregg Dahleen, president; Scott Feigleson, CFO.
Number of Employees: 140 (Ink World estimate).
Operating Facilities: West Chicago, IL; Plymouth, MN; Menomonee Falls, WI; Swedesboro, NJ; Sparks, NV; Omaha, NE; Miami, FL; Bogota, Colombia.
Comments: Central Ink Corporation (CIC) had an excellent year in 2023, with sales growing dramatically as the company added to its energy coatings offerings and operating facilities, and Central Ink CEO Gregg Dahleen sees more ahead for 2024 and beyond.
“All in all, we had a good year,” said Dahleen. “The heatset market had a really strong post-COVID rebound. We had greater than expected growth not only in our traditional markets but also in our non-traditional targeted markets, specifically UV. We made some additions in the past year and I feel very confident about our team right now.”
There has also been some good news on the raw materials front, which has been a major concern in recent years, as Dahleen noted that Central Ink has seen some stabilization in raw materials in the fourth quarter.
However, there do remain serious concerns, particularly over volume declines in the first quarter.
“Personally, I don’t think any of us have anticipated the volume drops we are experiencing currently,” Dahleen observed. “I am not sure when that’s going to rebound. Customer inventory levels and ours are my concerns now.”
Even with those concerns, Dahleen sees a bright future ahead for Central Ink.
“I am excited about Central Ink’s future,” Dahleen concluded. “We fulfill our niche very well and we have the upside of expanding into some different product lines. Our recent acquisition of coatings, specifically energy curable/specialty coatings, is giving us diversity to our product portfolio. We also see some regional growth in our future.”