Flint Group, as part of its strategy to grow in strategic market segments, has today announced the acquisition of Advanced Color Systems, Inc. (ACS) located in Tualatin, Oregon, USA. Advanced Color Systems manufactures and distributes water-based inks in North America and also exports to some countries outside of North America. With this acquisition, Flint Group strengthens its position and support to the Paper & Board markets in North America. “Flint Group is very pleased with this new partnership and the opportunities it presents to expand in the North American Paper & Board packaging market,” said Antoine Fady, CEO, Flint Group. He continued, “Tim Becker, Reed Fowler, and the team at Advanced Color Systems have built a customer focused and responsive organisation with teams dedicated to its clients’ success. This culture of teamwork and customer satisfaction fits perfectly with Flint Group’s own strategy and vision.”
Inventories of U.S. crude fell by 1.351 million barrels for the week ended Aug. 3, missing expectations for a draw of 2.800 million barrels, according to data from the Energy Information Administration (EIA).
The smaller-than-expected draw in crude supplies came as imports rose by about 2.64 million barrels a day (bpd) and exports rose by 5.40 million bpd, data from EIA showed.
Gasoline inventories unexpectedly rose by 2.900 million barrels, confounding expectations for a draw of 1.700 million barrels, while supplies of distillate – the class of fuels that includes diesel and heating oil – rose by 1.230 million barrels, against expectations for a build of 0.220 million barrels.
more at source: https://www.investing.com/news/commodities-news/crude-oil-prices-settle-at-sixweek-lows-as-uschina-trade-war-intensifies-1566118