RETFORD, UK, Nov 18, 2014 (Press Release) - DruckChemie, the German print chemicals group has been acquired by Langley Holdings plc, the UK industrial group.
Contracts were signed on 7 November, the deal was finally closed on 28 November, following cartel clearance.
DruckChemie has annual revenues of circa €75 million and around 300 employees and is Europe's leading print chemicals producer, with locations throughout Europe. The company also has operations in Brazil.
Langley has made numerous acquisitions over the last two decades, evolving into a near billion euros revenue group employing over 4000 people in over 70 countries.
The group, is entirely debt free and prides itself on having never sold any company it has acquired.
Langley entered the print sector in January 2012 with the acquisition of Manroland Sheetfed, the German press builder.
A spokesman for Langley said:
"We are delighted to have reached agreement to acquire DruckChemie, the company compliments our Manroland press business and further demonstrates our commitment to the sector"
About Langley Holdings plc
Langley Holdings plc is a diverse, privately owned engineering group based in the UK with principal operating divisions located in Germany, France and the UK and more than 70 subsidiaries worldwide. The group produces capital equipment ranging from electrical systems for data centres, machinery for cement plants, food packaging lines, automotive welding equipment and, most recently, printing presses.The group was founded in 1975 and today employs more than 4,000 people world wide.
DruckChemie develops, manufactures and supplies chemical and technical products and accessories for the printing industry, as well as providing waste reprocessing and recycling services. The range of goods on offer includes virtually all the consumables required by a printing works apart from plates, printing ink and paper. A high degree of service competence, innovative drive and a pronounced environmental awareness are the foundations on which the excellent reputation of the company and its products is based throughout the world.