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Textile machinery firm Baldwin to acquire Ahlbrandt System
12 Sep '17
2 min read
Baldwin Technology Company Inc., a world leader in providing process automation solutions, consumables, and services to the print, textile, and film industries, has announced that an agreement has been reached to acquire Ahlbrandt System GmbH. The acquisition is pending German government approval, with a target closing date of September 30, 2017.
Headquartered in Lauterbach, Germany, Ahlbrandt’s 87 team members and top-quality corona treatment, spray coating, and hot air drying products complement the Baldwin team and their broad product and service portfolios. In addition, Baldwin plans to capitalise on Ahlbrandt’s expertise and industry leading technology to enhance solutions for the rapidly growing textile and film industries.
Holger Bätz, managing director of Ahlbrandt said, “I am very excited that Ahlbrandt is joining the Baldwin team. Not only is our expertise in developing and producing top-quality equipment and systems a nice complement to Baldwin’s broad product portfolio, I am confident that Ahlbrandt’s talent and passion for innovation in surface finishing will rise to new levels within the Baldwin family. This partnership presents a great opportunity for the Ahlbrandt team to expand our business to new geographical markets and customers, and I am convinced that this acquisition will have a very positive influence on Ahlbrandt’s new ‘Serviceplus’ growth strategy.”
Brent Becker, CEO of Baldwin said, “Bringing Ahlbrandt into the Baldwin family will strengthen our ability to provide value to our customers through broader technology and service offerings. This exciting investment underscores our commitment to a strategy that blends organic and acquisition growth to enhance our global footprint and the technology we can deliver to our customers. We are also eagerly looking forward to expanding our footprint in Germany, and we expect both teams to realise many benefits from close cooperation between our Lauterbach and Friedberg production and assembly facilities.” (GK)
Headquartered in Lauterbach, Germany, Ahlbrandt’s 87 team members and top-quality corona treatment, spray coating, and hot air drying products complement the Baldwin team and their broad product and service portfolios. In addition, Baldwin plans to capitalise on Ahlbrandt’s expertise and industry leading technology to enhance solutions for the rapidly growing textile and film industries.
Holger Bätz, managing director of Ahlbrandt said, “I am very excited that Ahlbrandt is joining the Baldwin team. Not only is our expertise in developing and producing top-quality equipment and systems a nice complement to Baldwin’s broad product portfolio, I am confident that Ahlbrandt’s talent and passion for innovation in surface finishing will rise to new levels within the Baldwin family. This partnership presents a great opportunity for the Ahlbrandt team to expand our business to new geographical markets and customers, and I am convinced that this acquisition will have a very positive influence on Ahlbrandt’s new ‘Serviceplus’ growth strategy.”
Brent Becker, CEO of Baldwin said, “Bringing Ahlbrandt into the Baldwin family will strengthen our ability to provide value to our customers through broader technology and service offerings. This exciting investment underscores our commitment to a strategy that blends organic and acquisition growth to enhance our global footprint and the technology we can deliver to our customers. We are also eagerly looking forward to expanding our footprint in Germany, and we expect both teams to realise many benefits from close cooperation between our Lauterbach and Friedberg production and assembly facilities.” (GK)
Fibre2Fashion News Desk – India
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