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Jun 15, 2010 12:00 AM
Baldwin Technology Co., Inc. (Shelton, CT), a global leader in process automation technology for the printing industry, has agreed to purchase Nordson UV Ltd., a wholly owned subsidiary of Nordson Corp. (Westlake, OH) that provides UV curing systems used in the graphic arts.
“From a strategic perspective, Nordson does not
currently have a long-term focus on the end markets served by the
graphic arts UV curing business,” says Nordson
president and CEO Michael F. Hilton.
“Exiting this business will allow Nordson to concentrate more
fully on delivering value to our customers and shareholders through
our core precision technology
Nordson will retain its industrial UV curing product lines. Baldwin president and CEO Karl S. Puehringer comments, “Adding UV capabilities to the Baldwin product portfolio ... will enable our customers to partner with a single source for both IR (infra-red) drying and UV (ultraviolet) curing on both offset and digital printing. ... Nordson’s consumables (UV lamps and parts) and service business also helps Baldwin carry out its strategy of expanding its recurring revenue, adding uniformity to revenue expectations. The acquisition expands our broad product range to further leverage our global presence to deliver value to our customers around the world, and UV curing in the ink jet printing sector will accelerate Baldwin’s expansion into the faster-growing digital market.”
The Nordson UV business will bring into Baldwin 79 employees based at Nordson's Slough, England, headquarters operation, the Horizon Lamps Inc. manufacturing location and in sales and service operations in other locations around the world. The transaction is expected to close by June 30. Nordson UV Limited will be renamed Baldwin UV Limited and will do business under the Baldwin UV, Horizon and Primarc brand names. Other terms of the deal were not disclosed.