MacDermid Enters Into a Sale Agreement For Its Offset Printing
MacDermid, Incorporated announced today that it has entered into an agreement to sell its
Offset Printing Blankets business to Trelleborg AB of Sweden. MacDermid’s Offset Printing
Blankets business consists of approximately 400 employees with operations in the US, Europe,
and Asia. 2007 net sales related to this business were approximately $90 million.
Trelleborg AB is a global industrial group with 2007 sales of approximately SEK 31 billion
with over 25,000 employees operating in 40 countries. In 2006, Trelleborg AB purchased
Reeves Brothers, which was their entry into the Offset Printing Blankets business.
Dan Leever, MacDermid’s Chairman and CEO, stated “Since the closing of the MBO,
MacDermid has been strategically reviewing its portfolio of businesses to insure they all fit the
“asset lite-high touch” business model, which is uniquely focused on the dual strategy of R&D
and applications innovation an technical service. The process started last November with the
sale of ColorSpan to HP and continues today with this latest divestiture. The Offset Blankets
business came to MacDermid with the 1999 acquisition of Polyfibron Technologies Inc (PTI)
and complemented our Packaging Business for the past several years. Trelleborg AB holds
leading positions in advanced polymer technologies with in-depth application know- how. This
is a win/win for both MacDermid and Trelleborg. We believe this transaction will benefit the
employees and customers of the blankets business. MacDermid remains fully committed to the
flexo plates businesses for packaging and newspapers.”
The sale is subject to approval by the appropriate regulatory authorities and certain other
closing conditions. MacDermid expects the transaction to close sometime in Q2 2008.
Please feel free to contact Frank Monteiro at (720) 479-3078 with any questions.
Web site: www.macdermid.com
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