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Baldwin Sells Roll Handling Group

Monday, October 01, 2001

Press release from the issuing company

SHELTON, Conn.- Sept. 28, 2001--Baldwin Technology Company, Inc. (ASE:BLD) announced today that it has completed the previously-announced sale of it's Roll Handling Business to MEGTEC Systems, Inc. and its parent, Sequa Corporation. The Roll Handling Business of Baldwin primarily manufactures splicers for newspaper and commercial web printing and includes wholly-owned subsidiaries in Rockford, Illinois, Amal, Sweden and Shanghai, China. MEGTEC Systems, Inc. manufactures splicers and dryers for newspaper and commercial web printing as well as pollution control products and industrial drying systems. Baldwin Technology Company, Inc. is the leading international manufacturer of accessory and control equipment for the printing industry, offering its customers a broad range of products that include cleaning systems, fountain solution and ink control systems, spray dampening systems, web control and press protection systems, drying systems and newspaper inserting equipment.

 

 

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