Date:12/10/11,
Private Equity,
Domestic Deal,
Reliance Equity Advisors invests INR105 Cr in Max Flex & Imaging Systems Ltd and acquires 29% stake . The PE investment came after the Mumbai based digital and offset printing materials manufacturer shelved plans for a INR 120Cr.
Max Flex & Imaging Systems Ltd founded in1968, by Hitesh Jobalia & family. The company is engaged in trading of consumables required in the printing industry and offers over 9,300 variations such as solvent ink, photo paper, flex boards, printing inks, plates etc.
The company has two subsidiaries, Amprochem Pvt Ltd engaged in chemical manufacturing and Max Apollo Flex Digital Ltd formed in 2011 for manufacturing of flex.
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