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Tuesday, April 26, 2011

Domino Printing invests $50 million in new U.S firm

Britain's Domino Printing Sciences said it would pay $50 million in cash for a 15 percent stake in a new United States-based company to expand its footprint in the egg industry. Domino, whose printers are used for stamping barcodes and best-before dates on food and other products, would form the company with privately held NewMarket Impressions LLC to develop food safety technologies for the U.S. egg industry. NewMarket Impressions LLC is controlled by billionaire investor Ron Burkle's investment firm The Yucaipa Companies. Domino, which will supply laser and ink jet coding equipment, fluids and aftermarket services to the new business, expects the new venture to add to its earnings from 2012.

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