Baldwin Technology, a portfolio company of Forsyth Capital Investors, has acquired Web Printing Controls (WPC), a manufacturer of real-time closed loop automation equipment. The acquisition of WPC allows Baldwin to expand its product offerings to its customers and to provide aftermarket service to a large installed base of WPC equipment.
As part of its purchase by Forsyth Capital, Baldwin’s headquarters will move from Boca Raton, FL, to St. Louis. In conjunction with this relocation, Kyle Chapman, co-founder and managing director of Forsyth, becomes Baldwin’s president, CEO and chairman.
Baldwin Technology announced that it has entered into a definitive agreement to be acquired by Forsyth Baldwin LLC, a new company controlled by Forsyth Capital Investors. The agreement permits Baldwin’s board to solicit alternative proposals through Jan. 28, 2012.
Two announcements within the past week demonstrate that some newspaper publishers are increasingly viewing printing as a profit center, while others take the opposite tack and shut down their printing operations. The Chicago Sun-Times revealed Tuesday that it will become the second major metropolitan daily in the United States to outsource all of its printing. But rather than turning production over to a commercial printer, the Sun-Times will entrust its printing to the rival Chicago Tribune.
The next day, Baldwin Technology Co. announced that is has sold UV dryers that will be installed on two newspaper presses in Australia “to significantly
Baldwin Technology has sold Oxy-Dry Food Blends, a U.S. food blending and packaging business, to CPC Dry Pack. “Not included in the sale are our Oxy-Dry graphic arts powders brand and products which are a growing part of our expanding consumables business. We expect to provide uninterrupted service to our powders customers during a brief transition period.
Commercial printing industry supplier company and personnel news from Printing Impressions’ May 2011 edition
Baldwin Technology Co. announced a strategic reorganization of the company’s operations in Europe and a 9 percent reduction in global employment levels. It will exit facilities in Egelsbach, Germany, and Tranas, Sweden, and consolidate engineering and production into existing operations.
Beginning with a $110,000 grant from the Dow Jones Foundation, Manugraph DGM provided the four units added to the original press donated by Goss. Also donated were a Baldwin spray dampening system, Quad Tech register control and MEGTEC infeed and splicer.
The company and John P. Jordan, its vice president, chief financial officer (CFO) and treasurer, have mutually agreed that, effective today, Jordan’s employment will terminate to allow him to pursue other opportunities outside of Baldwin. President and CEO Mark T. Becker will be acting CFO.
Included are equipment orders of more than $1 million from Quad/Graphics to enhance the productivity of several of its new and existing presses while simultaneously improving the quality of the printed product. The November orders bring the year-to-date orders for the Baldwin Americas operation to a 23 percent increase over orders recorded in the same period in 2009.
