Baldwin grows with Hildebrande acquisition

Press accessories manufacturer Baldwin Technology Corporation has expanded with the acquisition of web cleaning systems firm Hildebrande Systeme.

No value has been disclosed for the acquisition of the Swiss firm.

Baldwin Jimek, the Swedish subsidiary of US-based Baldwin, is already the exclusive global distributor for Hildebrand Systeme, following a deal struck in March 2005.

In a statement, Baldwin president and chief operating officer Karl Puehringer said the acquisition was a “logical next step” for the two firms’ relationship.

He said: “That relationship… has proven so beneficial to both companies that we decided to combine them to consolidate the marketing and operating strengths.

“Further, the Hildebrand owner/management team has demonstrated their support for the venture with their agreement to remain with Baldwin and continue to expand and grow the business.”