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MacDermid Closes on Deal to Sell Its Offset Printing Blankets Business

Wednesday, June 04, 2008

Press release from the issuing company

DENVER (June 03, 2008) MacDermid, Incorporated announced today that it has closed on the sale of its Offset Printing Blankets business to Trelleborg AB of Sweden. MacDermid’s Offset Printing Blankets business consists of approximately 400 employees with operations in the US, South America, Europe, and Asia. 2007 net sales related to this business were approximately $90 million.

Trelleborg AB is a global industrial group with 2007 sales of approximately SEK 31 billion with over 25,000 employees operating in 40 countries. In 2006, Trelleborg AB purchased Reeves Brothers, which was their entry into the Offset Printing Blankets business.

Dan Leever, MacDermid’s Chairman and CEO, stated “In March, we announced the sale of our Offset Printing Blankets business to Trelleborg. We are now pleased to announce that this transaction has come to a close. Since we took MacDermid “Private” in April 2007, we have been strategically reviewing our portfolio of businesses to ensure they all fit the “asset lite-high touch” business model, which is uniquely focused on the dual strategy of R&D and applications innovation with technical service. This sale is a win/win for both MacDermid and Trelleborg. We believe this transaction will benefit the employees and customers of the blankets business.”

MacDermid Inc. is a leading global provider of high value-added specialty chemicals and technical services. MacDermid serves the metal and plastics finishing, electronics, oil production and drilling, and graphic arts markets. Established in 1922 MacDermid employs over 2,500 people in operating facilities located in over 20 countries.

Please feel free to contact Frank Monteiro at (720) 479-3078 with any questions.

 

 

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