Konica Minolta will be divesting its offest printing plate business, including subsidiary American Lithoplate to Southern Litoplate Inc. The deal is scheduled to close on October 1.
Kazuhiko Fukushima, President and CEO of Konica Minolta Graphic Imaging, Inc. said, “Konica Minolta Graphic Imaging has a long standing tradition and heritage in the prepress and printing supply business. We are honored by our loyal customer relationships over these many decades. We thank our customers for their belief and support which fueled our growth in the CTP and conventional plate business over the last three years.”
Southern Lithoplate Chairman and CEO Edward A. “Trip” Casson, says the company intends to expand its international markets “including, but not limited to South America.” Southern Lithoplate has its roots going back to 1934 with a regraining business and was the first manufacturer to incorporate rolled aluminum as the primary substrate. The company relocated to Raleigh, North Carolina in 1981 and incorporated as Southern Lithoplate.