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Goss International Comments on Heidelberg Deal

Tuesday, March 09, 2004

Press release from the issuing company

March 8th, 2004 - Goss International and Heidelberg reach agreement on major issues for the transfer of Heidelberg's Web Offset press business to Goss. Upon completion of the consultation process with the workers' councils in France and the Netherlands and the approval of the antitrust organizations, Goss International Corporation intends to acquire Heidelberg's Web Offset Division. It is expected that this transaction will include Heidelberg's Commercial Web and Newspaper Press activities, as well as the Web Finishing business in the USA. Heidelberg will become a shareholder in Goss International, holding slightly below 20 percent of the company's shares. Bob Brown, CEO of Goss International confirmed, "We have respect for the Heidelberg Web Systems team and product portfolio. An acquisition opportunity of this type would assist our efforts to grow our global web press business."




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