AGFA Negotiating Sale of Consumer Imaging Business
Press release from the issuing company
3/16/01 (WhatTheyThink) According to a company spokesperson Agfa-Gevaert N.V. has been approached and is considering selling its film, finishing and laboratory equipment business. The potential buyer was not known at the time of this release. The units under consideration are part of the Consumer Imaging business segment. Agfa eluded to a potential buyer in its release of earnings yesterday, but a source said the deal is “far along in the process.” The company’s Board of Management is currently in negotiations with the potential buyer with authority to grant an option for the potential buyer to acquire the entire Consumer Imaging segment. The Consumer Imaging business contributed to almost 30 percent of Agfa’s total sales last year.
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.