Home Fairfield Altus Capital Partners sells thermal transfer ribbon firm IIMAK

Altus Capital Partners sells thermal transfer ribbon firm IIMAK

Altus Capital Partners, a Wilton-based investment firm, has sold International Imaging Materials Inc. (IIMAK) to ACON Investments LLC, a private equity firm headquartered in Washington, D.C. The financial terms of the transaction were not disclosed.

Altus Capital PartnersHeadquartered in Amherst, New York, IIMAK is a developer and manufacturer of thermal transfer ribbons, direct thermal films and fluid inks used to print on-demand information such as bar codes, text and graphics for the automatic identification, packaging and graphics markets. The company’s iiMED Medical Manufacturing Solutions division provides medical applications including orthopedic braces, sterile supplies, compression devices and patient mobility products. Altus acquired IIMAK in 2012.

“IIMAK grew both organically and made five add-on acquisitions during our investment,” said Russell Greenberg, managing partner of Altus Capital Partners. “This has been an important investment for Altus and we wish ACON Investments much future success with IIMAK.”

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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