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8-K - FORM 8-K - BALDWIN TECHNOLOGY CO INC | y85033e8vk.htm |
EX-10.1 - EX-10.1 - BALDWIN TECHNOLOGY CO INC | y85033exv10w1.htm |
Exhibit 99.1
Baldwin to Acquire Nordson UV Ltd.
Expands Baldwin Product Offerings in Graphic Arts to Include UV Curing
Shelton, Conn., June 14, 2010 Baldwin Technology Company, Inc. (NYSE Amex: BLD), a
global leader in process automation technology for the printing industry, today reported that it
has agreed to purchase Nordson UV Ltd., a wholly owned subsidiary of Nordson Corporation that
provides UV curing systems used in the graphic arts.
Nordson will retain its industrial UV curing product lines.
President and CEO Karl S. Puehringer commented: We have had a mutually beneficial alliance with
Nordson for several years, so this combination is a logical step in that relationship. Adding UV
capabilities to the Baldwin product portfolio is exciting, because the technology is complementary
to Baldwins, and it 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 UV has a strong position in the UV graphic arts market segment, selling products under the Nordson UV,
Horizon and Primarc brand names. Puehringer continued, The demand for UV applications has been
growing in both traditional offset printing and the expanding digital ink jet space, due to the
variety of finishes and special effects UV curing provides, the instant curing ability, improved
quality of the printed product and the environmentally-friendly absence of VOC emissions.
Nordsons 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 Baldwins expansion into the faster-growing digital market.
We expect the acquisition to be immediately accretive to operating results, and the
well-developed Nordson UV organization will make a valuable contribution to Baldwins operations.
We warmly welcome the new employees to Baldwin. concluded Puehringer.
The Nordson UV business will bring 79 employees based at their 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.
About Baldwin
Baldwin Technology Company, Inc. is a leading international supplier of process automation
equipment and related consumables for the printing and publishing industries. Baldwin offers its
customers a broad range of market-leading technologies, products and systems that enhance the
quality of printed products and improve the economic and environmental efficiency of the printing
process. Headquartered in Shelton, Connecticut, the Company has operations strategically located
in the major print markets and distributes its products via a global sales and service
infrastructure. Baldwins technology and products include cleaning systems, fluid management and
ink control systems, web press protection systems and drying systems and related consumables. For
more information, visit http://www.baldwintech.com To receive free e-mail notification of future
releases for Baldwin, sign up at www.hawkassociates.com/about/alert/.
About Nordson
Nordson Corporation (NASDAQ: NDSN) is a leading producer of precision dispensing equipment that
applies adhesives, sealants, coatings and other materials to a broad range of consumer and
industrial products during manufacturing operations. The company also manufactures equipment used
in the testing and inspection of electronic components as well as technology-based systems for
curing and surface treatment processes. Headquartered in Westlake, Ohio, Nordson has direct
operations and sales support offices in more than 30 countries.
Cautionary Statement
This release contains certain forward-looking statements which involve known and unknown risks,
uncertainties or other factors not under the Companys control, which may cause actual results,
performance or achievements of the Company to be materially different from the results,
performance or other expectations implied by these forward-looking statements. These factors
include, but are not limited to, those detailed in the Companys periodic filings with the
Securities and Exchange Commission.
Contacts
Helen P. Oster (203) 402-1004
hposter@baldwintech.com
Helen P. Oster (203) 402-1004
hposter@baldwintech.com