X-Rite

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X-Rite, Inc.
Company typeSubsidiary
FoundedDecember 1958;66 years ago (1958-12)
Headquarters Grand Rapids, Michigan
Parent Veralto
Subsidiaries Pantone
Munsell Color Company
Website www.xrite.com
X-Rite ColorChecker Passport helps photographers get all the colors on their images real and find the right white balance. 2024 X-Rite ColorChecker Passport Photo 2 (1).jpg
X-Rite ColorChecker Passport helps photographers get all the colors on their images real and find the right white balance.

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]

Contents

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. [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

  1. 1 2 "X-Rite To Be Acquired By Danaher For $5.55 A Share". CBS News . April 10, 2012.
  2. 1 2 3 4 "X-Rite, Inc. History". FundingUniverse.
  3. "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.
  4. "X-Rite to acquire Pantone, extending reach in the color industry for $180 mln". Reuters . August 24, 2007.
  5. "Danaher Corporation Successfully Completes Tender Offer for Shares of X-Rite, Incorporated" (Press release). Danaher Corporation. May 15, 2012.
  6. Ellison, Garret (May 21, 2012). "Danaher completes takeover of X-Rite while lawsuit moves though federal court". MLive Media Group .
  7. "Danaher Corporation Completes Separation of Veralto Corporation" (Press release). PR Newswire. September 30, 2023. Archived from the original on October 1, 2023.
  8. "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.