Following the deal, Flint is expected to have sales of £1.7bn (€2.55bn).

Flint chief executive Dave Frescoln said: “By combining the complementary product lines of the two companies, we are creating a stronger supplier with a significant boarder range of products for our customers around the world.

“In addition, Day’s image transfer technologies provide a strong avenue to market for all our products, in both conventional and digital printing.”

The agreement was signed on Friday (20 April), and is expected to close within the next 30-60 days, subject to necessary regulatory approvals.

The combined operation will boast almost 8,300 staff working at 170 sales, service and manufacturing locations across five continents.

Dennis Wolters will remain as chief executive of Day, which will operate as a business unit within Flint. He said: “Combining Day International’s range of products with those of Flint Group creates an exceptionally strong portfolio to support printers around the globe.”

Headquartered in Luxembourg, Flint Group was created in 2005 by the merger of Flint Ink Corporation and XSYS Print Solutions. Day International was founded in 1905 in Dayton, Ohio.