X-Rite, Inc., headquartered in Grand Rapids, Michigan, is a manufacturer of color measurement and management products and products that regulate quality in the processing of film and x-rays.[1]
 | |
Company type | Subsidiary |
|---|---|
| Founded | December 1958 |
| Headquarters | Grand Rapids, Michigan, U.S. |
| Parent | Veralto |
| Subsidiaries | Pantone Munsell Color Company |
| Website | www |
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History
editThe firm was incorporated in 1958 by seven engineers from Lear Siegler. Its first product, x-ray marking tape, was introduced in 1968 and is the basis of the company name. In 1975, it introduced its first densitometer for photographic printing use.[2]
The firm went public in 1986, and in 1987 moved into a new headquarters and production facility in Grandville, Michigan.[2]
In 1966, it purchased H. Miller Graphic Arts.[2]
By 1990, the firm shifted emphasis to colorimetry.[2]
In 2006, it purchased Amazys, owners of Gretag–Macbeth and the Munsell color system.[3]
In October 2007, it acquired Pantone.[4]
In May 2012, X-Rite was acquired by Danaher Corporation for $625 million.[5][6][1]
In September 2023, Danaher completed the corporate spin-off its Environmental and Applied Solutions segment, including X-Rite, as Veralto.[7]
In November 2024, X-Rite acquired Colorware B.V., creators of MeasureColor.[8]
References
edit- 1 2 "X-Rite To Be Acquired By Danaher For $5.55 A Share". CBS News. April 10, 2012.
- 1 2 3 4 "X-Rite, Inc. History". FundingUniverse.
- ↑ "X-rite : X-Rite Completes Acquisition of Amazys Holding AG; Creates Global Leader in the Color Industry; Will Utilize Color Science and Technology Knowledge to Increase Value for All Stakeholders and Expand Global Color Market Through Innovation". Business Wire. July 5, 2006.
- ↑ "X-Rite to acquire Pantone, extending reach in the color industry for $180 mln". Reuters. August 24, 2007.
- ↑ "Danaher Corporation Successfully Completes Tender Offer for Shares of X-Rite, Incorporated" (Press release). Danaher Corporation. May 15, 2012.
- ↑ Ellison, Garret (May 21, 2012). "Danaher completes takeover of X-Rite while lawsuit moves though federal court". MLive Media Group.
- ↑ "Danaher Corporation Completes Separation of Veralto Corporation" (Press release). PR Newswire. September 30, 2023. Archived from the original on October 1, 2023.
- ↑ "X-Rite Acquires Colorware B.V., Creators of MeasureColor, Expanding Comprehensive Color Management Solutions for the Printing and Packaging Industries" (Press release). Cision. November 14, 2024.