Manroland Sheetfed Owner Langley Holdings to Acquire German Print Chemicals Group
RETFORD, UK—November 12, 2014—DruckChemie, the German print chemicals group that went into administration in September, is to be acquired by Langley Holdings, the U.K. industrial group.
Contracts were signed on Nov. 7, 2014, and the deal is awaiting cartel clearance, which is expected imminently.
DruckChemie has annual revenues of circa €75 million and around 300 employees and is Europe's leading print chemicals producer, with locations throughout Europe. The company also has operations in Brazil.
Langley has made numerous acquisitions of under-performing businesses over the last two decades, evolving into a near billion euros revenue group employing over 4,000 people in over 70 countries.
The group is entirely debt free and prides itself on having never sold any company it has acquired.
Langley entered the print sector in January 2012 with the acquisition of Manroland Sheetfed, the German press builder.
A spokesman for Langley announced, "We are delighted to have reached agreement to acquire DruckChemie. The company compliments our Manroland press business and further demonstrates our commitment to the sector."
About Langley Holdings
Langley Holdings plc is a diverse, privately-owned engineering group based in the United Kingdom, with principal operating divisions located in Germany, France and the United Kingdom and more than 70 subsidiaries worldwide. The group produces capital equipment ranging from electrical systems for data centers, machinery for cement plants, food packaging lines, automotive welding equipment and, most recently, printing presses. The group was founded in 1975 and today employs more than 4,000 people worldwide.
DruckChemie develops, manufactures and supplies chemical and technical products and accessories for the printing industry, as well as providing waste reprocessing and recycling services. The range of goods on offer includes virtually all the consumables required by a printing works apart from plates, printing ink and paper. A high degree of service competence, innovative drive and a pronounced environmental awareness are the foundations on which the reputation of the company and its products is based throughout the world.