December 14, 2020 By PrintAction Staff
Langley Holdings plc (Langley)’s DC Druck Chemie GmbH (Druck Chemie) division has acquired printing chemicals consumables manufacturers BluePrint Products NV and Hi-Tech Chemicals BV from Heidelberger Druckmaschinen AG. Langley purchased the two manufacturers for 20.5 million euros in under six weeks. The sale was led by Langley M&A advisor Dr. Florian von Alten, managing partner of Oaklins Angermann AG Hamburg.
The acquisition includes the Kruibeke, Belgium-based production facility which produces printing chemicals consumables for flexographic, digital and offset printing for the packaging and commercial markets. Druck Chemie and the acquired companies will continue to supply printing chemicals consumables to Heidelberger Druckmaschinen.
“I am delighted to welcome BluePrint Products and Hi-Tech Chemicals into the Druck Chemie family. This acquisition is an excellent fit with our print manufacturing and supplies businesses and will further strengthen our offering to the printing industry. The manufacturing facilities, industry expertise and high-quality products will help build on our success and underlines our long-term commitment to the sector,” said William Langley, board director, Langley Holdings PLC.
“With the withdrawal from the production of pressroom chemicals, we are making very good progress with our realignment and concentration on our core activities,” said Rainer Hundsdörfer, CEO of Heidelberg. “We will use the funds freed up by this to safeguard our liquidity in times of the Covid-19 pandemic and to push ahead with strategic investments in the future on the path of our digital transformation.”
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