Langley Holdings plc has confirmed its 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.
The acquisition includes the Kruibeke, Belgium based production facility which produces high-quality 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”
The €20.5m sale was completed in under six weeks and was led by Langley M&A adviser Dr Florian von Alten, Managing Partner of Oaklins Angermann AG Hamburg.
Mirko Kern, Managing Director of DC Druck Chemie said, “Druck Chemie customer success is built on high-quality products and unrivalled services and support. This is a fantastic addition that will expand our presence as we strive to continually improve and expand our offerings.”
