The deal, which is subject to regulatory approval, will give Siegwerk Group sales of almost 300m.
Siegwerk Group has manufacturing locations in Siegburg, Germany, Lynchburg in Virginia, US, Bangkok and Warschau in Poland.
European Colour, the pigments manufacturer, has had a tough year so far.
In the six months to 30 September the companys turnover from continuing operations fell 15% to 14.8m, while pre-tax profit from continuing operations fell 73% to 148,000.
In October 2002, European Colour also sold Tor Coatings.
Have your say in the Printweek Poll
Related stories
Latest comments
"And here's me thinking they bought the Docklands Light Railway."
"15 x members? Why don't they throw their lot in with the Strategic Mailing Partnership (SMP) and get a louder voice?"
"Some forty plus years ago I was at a "sales" training seminar and got chatting to the trainer after the session had finished.
In that conversation he told me about another seminar he had..."
Up next...
Customer demand increasing
A4 Laser Labels expands with larger site and kit investment
Price rises in US 'to at least partially offset' costs
Cimpress withdraws guidance due to Trump's tariffs
Proceeds to be invested in growth strategy
James Cropper sells some specialist IP
Making changes to limit tariff impact in US