Heidelberg Transfers Web Offset Division to Goss

The deal includes the business areas of Commercial Web, Newspaper and, in the US, Finishing Systems for web offset machines. Heidelberg reportedly will hold a 15 percent share in Goss International, but the companies said they agreed not to disclose the financial specifics of the transaction.

"By combining and restructuring activities, both companies are aiming for better capacity utilization, along with optimized market penetration due to the resulting enhanced product portfolio," asserted Dr. Herbert Meyer, CFO of Heidelberg.