The sale includes the companies BluePrint Products NV and Hi-Tech Chemicals BV, both located in Kruibeke, Belgium. With the sale, the site and a total of 40 employees will be transferred to DC DruckChemie. Cyan’s products will continue to be offered by HDM as part of its overall consumable’s strategy. HDM generates a purchase price of approx. EUR 20.5 million. For Langley-backed DC DruckChemie, the acquisition marks the further expansion and aim to grow its printing consumables business.
Cyan is a leading developer, manufacturer and distributor of premium pressroom chemicals serving the commercial and packaging printing industries through a global diversified network of specialised distributors.
Sascha Donat, Group Head of M&A at Heidelberger Druckmaschinen, said: “MCF Corporate Finance was instrumental in running the process for the successful sale of our Belgian subsidiaries Hi-Tech Chemicals and BluePrint Products. I very much appreciated the high commitment of the MCF team, they were extremely responsive and available at any time of the day. MCF coordinated all work streams under great time pressure and contributed fundamentally to resolving outstanding issues in a timely manner.”
About Heidelberger Druckmaschinen AG
Heidelberger Druckmaschinen AG is an internationally operating market and technology leader in the industrial printing industry. The company offers products and services along the entire process and value chain for printing products and is the largest global manufacturer of offset printing presses.
About Langley Holdings Plc
Langley Holdings Plc is an international engineering and industrial manufacturing group that supplies capital goods to a wide range of industries worldwide, including the printing industry.