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.”
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""longer run litho work had “now returned to the Far East”?
Is this happening a lot?"
"Thanks Jo, look forward to reading it in due course. Administrators generally argue that they need to act with lightning speed in order to protect the business/jobs, thereby overlooking the fact that..."
"Hello Keith,
The details will be in the administrators' report but that's not available yet. I will write a follow-up piece when that's filed.
Best regards,
Jo"
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