In a Word / Graphic Arts Industry News - February 26, 2026

Agfa still awaiting payment on sale of Offset Solutions Agfa has published an update on the payment of the receivable related to the sale of its Offset Solutions division. Following the final report of the independent expert, communicated on January 16, 2026, a price adjustment of 14.7 million euros (disputed part) and an amount of 5.2 million euros (non-disputed part) became due on February 6, 2026, i.e. a total of 19.9 million euros. To date, these sums have not been paid, with the exception of an advance payment of 2.0 million euros in respect of the disputed portion. Agfa states that it has formally notified the buyer of the non-payment and requested immediate settlement, but that no further payment has yet been received. The Group states that it will pursue all appropriate actions to obtain payment of the amounts due. In 2024, Agfa-Gevaert, active in imaging technologies and IT solutions (Radiology Solutions, HealthCare IT, Digital Print & Chemicals), generated sales of 1.138 billion euros. CCL Label strengthens its Tibi site in Spain CCL Label announces the expansion of its operations in Tibi, Spain, with the consolidation of shrink sleeve and in-mold label production at a single site dedicated to the food and beverage market. The enlarged site now incorporates offset and gravure printing technologies, as well as new die-cutting capabilities, to meet the high graphic demands of packaging applications. According to Reinhard Streit, Group Vice President Food & Beverage Global at CCL Label, the addition of new high-performance presses and the extension of die-cutting capacities enhance the site's industrial efficiency, reduce lead times and position Tibi as a center of excellence for decorative solutions for the food & beverage sector. This expansion takes place in the context of new European regulations, in particular the PPWR (Packaging and Packaging Waste Regulation), which harmonizes requirements in terms of design, recyclability and labeling. Tibi's production lines are designed to offer shrink sleeves and IMLs compatible with these requirements and aligned with the principles of Design for Recycling. With this investment, CCL Label aims to combine industrial performance, regulatory compliance and responsible design to support brands in a changing regulatory environment. Toyo Ink Europe launches UV inks compliant with German GIO regulations Toyo Ink Europe, the European division of the Japanese artience group specializing in energy-saving curable inks, announces the launch of a complete portfolio of UV and UV/LED inks compliant with the German Printing Inks Ordinance (GIO). This regulation, which will become mandatory in January 2027, sets strict migration limits for applications in contact with foodstuffs. The new portfolio covers flexographic and offset technologies. The products have undergone extensive testing to ensure both regulatory compliance and stable print performance, without compromising productivity or the diversity of usable substrates. In flexography, Toyo Ink Europe offers low-migration UV and LED-UV inks for labels and packaging, suitable for PE, PP and PET films, as well as paper and cardboard. The company emphasizes rapid polymerization, color consistency and compatibility with different types of press. In offset, the offering targets applications on paper, cardboard and non-absorbent substrates, with the emphasis on low migration and rapid drying. An existing LED series dedicated to food packaging has been renamed to clearly underline its GIO compliance. With this range, Toyo Ink Europe anticipates the growing regulatory requirements in the food packaging sector and intends to enable printers and converters to adopt compliant solutions now, ahead of the mandatory entry into force of the text. PANO opens a new branch in Mantes-la-Jolie The PANO network continues to expand in the Paris region with the opening of a new branch in Mantes-la-Jolie. Managed by Frédéric Ponge, this is PANO's fourth branch after Plaisir, Saint-Ouen-l'Aumône and Ris-Orangis. Chairman of SAS Vérifincendie since 1997 and a fire protection specialist for almost 30 years, Frédéric Ponge has gradually expanded his business to include visual communication. He joined the PANO network in 2021 in order to diversify his services, before pursuing his development with this new Ile-de-France location. Opened in mid-February, the PANO Mantes-la-Jolie branch supports local businesses in their visual communication projects: vehicle branding, signs, window displays, indoor and outdoor signage, as well as large-format printing. Founded in 1980 and structured as a network since 1987, PANO has over 150 branches in France and a presence in ten countries in Europe and Africa. Canva acquires MangoAI and Cavalry to strengthen its IA and creative offering Canva has announced the acquisition of MangoAI and Cavalry, two transactions designed to strengthen both its artificial intelligence capabilities and its offering of professional tools within its creative suite. With the acquisition of Cavalry, a British publisher of 2D motion design software, Canva completes its professional creative ecosystem. Following the integration of Affinity in 2024 (photo, layout and vector), the addition of Cavalry now covers photo retouching, vector design, layout and animation. The aim is to offer a complete suite for professional designers, while reducing the fragmentation of workflows between several platforms. At the same time, the acquisition of MangoAI aims to strengthen the intelligence layer of Canva's marketing products. Specializing in data intelligence and reinforcement learning, MangoAI develops technologies capable of linking content creation to actual performance, particularly in video advertising. This approach should enable the continuous improvement of generated content based on the results obtained. Nirmal Govind, former Vice President of Data Science & Engineering at Netflix, joins Canva as its first Chief Algorithms Officer. He will drive personalization and algorithmic experiences, in conjunction with the company's AI lab. Vinith Misra also joins Canva's Research Lab as head of reinforcement learning. With these two acquisitions, Canva affirms its ambition to become a complete visual communication platform, combining professional creative tools and performance-oriented AI systems. Mondi announces the closure of three sites in Europe and Turkey The Mondi Group has announced the closure of a corrugated board production site in Turkey and two paper bag plants in Hungary and Germany. This decision was announced at the time of the publication of the 2025 annual results. These closures are taking place against a backdrop of persistently weak market conditions. According to the company, they are aimed at reducing capacity and concentrating production on sites deemed more efficient and effective. Mondi reports that it has already closed 22 processing plants over the past ten years. The Turkish site concerned belongs to the Corrugated Packaging segment, while the two paper bag plants belong to the Flexible Packaging business. Customers will now be supplied by other units with the necessary capacity and know-how. In financial terms, Mondi has forecast sales of ?7.663 billion for 2025, compared with ?7.416 billion for 2024. Adjusted EBITDA, however, fell to 1.001 billion euros (1.049 billion in 2024). Net debt rose to 2.599 billion euros, bringing the ratio of net debt to adjusted EBITDA to 2.6. The Group says it remains confident in the structural outlook for the packaging market, while adapting its cost base to current conditions in order to preserve its competitiveness.

Agfa still awaiting payment for sale of Offset Solutions

Belgian manufacturer Agfa says it is still awaiting payment of the debt related to the sale of its division in 2023 Offset Solutions, now Eco3 to the Aurelius investment company.

Following the independent appraiser's final report, a price adjustment of 14.7 million euros (disputed portion) and 5.2 million euros (non-disputed portion) became payable on February 6, 2026, representing a total of 19.9 million euros.

To date, these sums have not been paid, with the exception of an advance payment of 2.0 million euros for the disputed part. Agfa states that it has formally notified the buyer of the non-payment and requested immediate settlement, but that no further payment has yet been received.
The group specifies that it will pursue all appropriate actions to obtain payment of the amounts due.

CCL Label strengthens its Tibi site in Spain

CCL Label announces the expansion of its operations in Tibi, Spain, with the consolidation of shrink sleeve and in-mold label production at a single site dedicated to the food and beverage market.

The expanded site now incorporates offset and rotogravure printing technologies, as well as new die-cutting capabilities, to meet the high graphic demands of packaging applications.

According to Reinhard Streit, Vice President Food & Beverage Global at CCL Label, the addition of new high-performance presses and the extension of die-cutting capacities will boost the site's industrial efficiency, reduce lead times and position Tibi as a center of excellence for decorative solutions for the food & beverage sector.

This expansion takes place in the context of new European regulations, in particular the Packaging and Packaging Waste Regulation (PPWR), which harmonizes design, recyclability and labeling requirements. Tibi's production lines are designed to offer shrink sleeves and IML compatible with these requirements and aligned with the principles of Design for Recycling.

Toyo Ink Europe launches GIO-compliant UV inks

Like manufacturer Hubergroup toyo Ink Europe, the European division of the Japanese artience group specializing in energy-saving curing inks, launches a complete portfolio of UV and UV/LED inks compliant with German printing ink regulations (GIO).

This regulation, which will become mandatory in January 2027, sets strict migration limits for applications in contact with foodstuffs.

The new portfolio covers flexographic and offset technologies. The products have undergone extensive testing to ensure both regulatory compliance and stable print performance, without compromising productivity or the diversity of substrates that can be used.

In flexography, Toyo Ink Europe offers low-migration UV and LED-UV inks for labels and packaging, suitable for PE, PP and PET films, as well as paper and cardboard. The company highlights rapid polymerization, color consistency and compatibility with different types of press.

In offset, the offer targets applications on paper, cardboard and non-absorbent substrates, with the emphasis on low migration and fast drying. An existing LED series dedicated to food packaging has been renamed to clearly underline its GIO compliance.

Pano opens a new branch in Mantes-la-Jolie

The Pano visual communications network continues to expand in the Paris region with the opening of a new branch in Mantes-la-Jolie. Headed by Frédéric Ponge, this is the network's fourth branch, following on from Plaisir, Saint-Ouen-l'Aumône and Ris-Orangis.

President of SAS Vérifincendie since 1997 and a fire protection specialist for almost 30 years, Frédéric Ponge has gradually expanded his business to include visual communication (vehicle markings, signs, window displays, indoor and outdoor signage, as well as large-format printing). He joined the Pano network in 2021 to diversify his services, before continuing his development with this new location in the Paris region.

Founded in 1980 and structured as a network since 1987, Pano now has over 150 branches in France and a presence in some ten countries in Europe and Africa.

Canva acquires MangoAI and Cavalry to strengthen its AI and creative offerings

Canva has announced the acquisition of MangoAI and Cavalry, two deals designed to strengthen both its artificial intelligence capabilities and its offering of professional tools within its creative suite.

With the acquisition of Cavalry, a British publisher of 2D motion design software, Canva completes its professional creative ecosystem. Following the integration of Affinity in 2024 (photo, layout and vector), the addition of Cavalry now covers photo retouching, vector design, layout and animation. The aim is to offer a complete suite for professional designers, while reducing the fragmentation of workflows between several platforms.

At the same time, the acquisition of MangoAI will strengthen the artificial intelligence systems of Canva's marketing products. Specializing in data intelligence and reinforcement learning, MangoAI develops technologies capable of linking content creation to actual performance, particularly in video advertising. This approach should enable the continuous improvement of generated content based on the results obtained.

Mondi closes three sites, including one in Germany

The Mondi Group is to close a corrugated board production site in Turkey and two paper bag plants in Hungary and Germany, it said in its annual financial results.

According to the paper and packaging manufacturer, these closures are intended to reduce capacity and concentrate production at sites deemed more efficient and effective. Mondi reports that it has already closed 22 converting plants over the past ten years.

The Turkish site concerned belongs to the Corrugated Packaging segment, while the two paper bag plants are part of the Flexible Packaging business. Customers will now be supplied by other units with the necessary capacity and know-how.

In financial terms, Mondi has recorded sales of 7.663 billion euros in 2025, compared with 7.416 billion in 2024. Adjusted EBITDA, however, fell to 1.001 billion euros (1.049 billion in 2024). Net debt rose to 2.599 billion euros, bringing the ratio of net debt to adjusted EBITDA to 2.6.

The Group remains confident in the structural outlook for the packaging market, while adapting its cost base to current conditions in order to maintain its competitiveness.

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