X-Rite

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.

History

The 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.[1]

The firm went public in 1986, and in 1987 moved into a new headquarters and production facility in Grandville, Michigan.[1]

In 1966, it purchased H. Miller Graphic Arts.[1]

By 1990, the firm shifted emphasis to colorimetry.[1]

In 2006, it purchased Amazys, owners of Gretag–Macbeth and the Munsell color system.[2]

In October 2007, it acquired Pantone.[3]

In May 2012, X-Rite was acquired by Danaher Corporation for $625 million.[4][5][6]

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

  1. X-Rite, Inc. History FundingUniverse^
  2. 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^
  3. X-Rite to acquire Pantone, extending reach in the color industry for $180 mln Reuters, August 24, 2007^
  4. Danaher Corporation Successfully Completes Tender Offer for Shares of X-Rite, Incorporated Danaher Corporation, May 15, 2012^
  5. Garret Ellison. Danaher completes takeover of X-Rite while lawsuit moves though federal court MLive Media Group, May 21, 2012^
  6. X-Rite To Be Acquired By Danaher For $5.55 A Share CBS News, April 10, 2012^
  7. Danaher Corporation Completes Separation of Veralto Corporation PR Newswire, September 30, 2023^
  8. X-Rite Acquires Colorware B.V., Creators of MeasureColor, Expanding Comprehensive Color Management Solutions for the Printing and Packaging Industries Cision, November 14, 2024^