# ARMOR Group acquires IIMAK to form ARMOR-IIMAK

The ARMOR Group announced the acquisition of IIMAK (International Imaging Materials, Inc.) on October 4, 2021. The new entity, ARMOR-IIMAK, has consolidated revenues of more than $400 million and is the global market leader in thermal transfer ribbons.

- Type: Acquisition
- Announced: 2021-10-04
- Status: completed
- Capacity: 2.5 billion m² of thermal transfer ribbon per year
- Products: thermal transfer ribbons
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Armor](https://endata.com/companies/3832.md) (acquirer)
- [IIMAK](https://endata.com/companies/58209.md) (target)

## Sources

- [armor-iimak.com](https://www.armor-iimak.com/en/inkside/armor-iimak-become-one/), 2021-10-06: "Today, Monday October 4, 2021, the ARMOR Group announces the acquisition of IIMAK (International Imaging Materials, Inc.)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.