logo
Plus   Neg
Share
Email

Heidelberg Sells Belgian Production Site For Printing Chemicals To DC Druck Chemie

Heidelberger Druckmaschinen AG (HBGRF.PK) has sold its Belgian production
site for printing chemicals to DC Druck Chemie GmbH, a subsidiary of Langley Holdings PLC, UK, as part of its planned focus on core activities and portfolio adjustments.

Heidelberg generates a purchase price of about 20.5 million euros.

The company said the sale includes the companies BluePrint Products NV and Hi-Tech Chemicals BV, located in Kruibeke, Belgium. The site develops and manufactures printing chemicals in flexographic and offset printing, primarily for the packaging and commercial markets, which will continue to be offered by Heidelberg as part of its overall consumables strategy.

The site and a total of around 40 employees will be transferred to Druck Chemie.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walmart Inc. has launched a nationwide drive to boost COVID-19 vaccination rates by reaching out to more residents in vulnerable communities. The retail giant will organize a series of community events at 43 locations in 18 states to administer the COVID-19 vaccine. Walmart said it plans to continue these new events over the next several weeks as vaccine allocations allow. Pfizer Inc. (PFE) and OPKO Health Inc. (OPK) announced Friday that the European Medicines Agency or EMA has validated for review the Marketing Authorization Application for somatrogon. Pfizer expects a decision from the European Commission in 2022. The company said somatrogon is a long-acting recombinant... German telecom giant Deutsche Telekom AG reported Friday strong growth in fourth-quarter profit mainly driven by T-Mobile US results following the takeover of the competitor Sprint. Looking ahead for fiscal 2021, the company projects higher adjusted EBITDA AL, a key earnings metric.
Follow RTT