M & A News

SMAG-X expands with Codimag acquisition

The strategy is focused on preserving specialized expertise, safeguarding employment, and strengthening the French label and packaging industry.

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By: Greg Hrinya

Editor

Alexandre Burgot-Dervin

On March 31, 2026, the Évry Commercial Court approved SMAG-X’s acquisition of Codimag’s assets. This transaction is part of a continuity strategy focused on preserving specialized expertise, safeguarding employment and strengthening the French label and packaging printing machinery industry.

SMAG-X continues the trajectory initiated in 2025 under the leadership of President Alexandre Burgot-Dervin. The goal is to strengthen its position as a key player in both domestic and international markets.

Located just 10 kilometers apart, SMAG-X and Codimag operate in the same field: designing and manufacturing printing machines for labels and packaging. Their merger is based on strong complementarities in both product lines and markets. While SMAG-X primarily focuses on technical and premium segments, Codimag brings recognized expertise in offset printing. This is particularly true for the wine industry.

The integration will expand the overall offering and better meet market needs, the companies say.

Company reactions

“This acquisition goes beyond a mere growth transaction,” states Burgot-Dervin. “It reflects an industrial responsibility: preserve French industry, maintain rare skills and continue to produce locally with teams who truly master their craft. What we stand for is a particular vision of industry: sustainable, committed and rooted in the local community.”

The takeover secures nearly 95% of Codimag’s workforce, with a clear focus on passing on expertise and ensuring operational continuity. Beyond the numbers, the goal is clear: retain experienced teams and prevent the loss of technical skills.

Benoit Demol, former President of Codimag, adds, “The integration of Codimag and SMAG-X strengthens French industrial expertise recognized internationally. Securing Codimag’s operations benefits clients, suppliers and employees alike, keeping this know-how firmly in France.”

New chapter

Already a key player in a thriving industrial sector, SMAG-X is now a member of La French Fab, an initiative promoting French industry and its expertise globally. Codimag, also part of this network, reinforces this shared ambition: to manufacture in France, drive innovation and build a competitive industrial offering that underscores France’s technical excellence.

Plus, through this acquisition, SMAG-X reaffirms its market position and expands its scope while maintaining strategic focus: structuring its product portfolio, bolstering production capacity and accelerating growth in France and international markets. Integrating Codimag reinforces production infrastructure and supports the company’s trajectory as a French industrial leader.

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