Baldwin Expands Global Platform with the Acquisition of QuadTech Inc.

Baldwin Technology – a world leader in providing process automation solutions, consumables and services for the print, packaging, textile and corrugated industries – has acquired QuadTech Inc., from its parent company, Quad/Graphics. With this acquisition, Baldwin adds all of QuadTech’s highly regarded technology and strategic locations across the Americas, Europe, China, Japan and India.

QuadTech is a global leader in the design and manufacture of control systems that help commercial, newspaper, packaging and publication gravure printers improve their performance and productivity. Headquartered in Sussex, Wis., QuadTech maintains a worldwide network of sales and service operations, and sells automated systems in more than 100 countries.

Baldwin will strategically unite QuadTech with two of its existing divisions – Web Printing Controls and PC Industries – creating a global platform that will operate as Baldwin Vision Systems. The resulting combination of businesses and technology will represent the industry’s most comprehensive portfolio available for print process automation, inspection and related services. Karl Fritchen, current QuadTech president, will lead the new Baldwin segment, which brings together the best and brightest global talent and capabilities in the industry. Product technologies will span closed-loop automation for registration, inking, color management, web handling and 100% inspection for the commercial, newspaper, labels, packaging, converting and publication gravure industries.

“The combination of products and expertise held within both companies will enable us to reach areas of the market we were unable to reach individually,” commented Fritchen. “From an international operations and market perspective, each party’s strengths are highly complementary. This is definitely a situation where we can accomplish much more together than we could have as independent companies.”

Brent Becker, president and CEO of Baldwin, also added, “QuadTech will serve as a catalyst for the formation of our new Baldwin Vision Systems segment, which will greatly enhance Baldwin’s ability to provide an even more comprehensive automation portfolio for our customers around the world. Together, we provide our customers an unmatched portfolio in commercial and newspaper automation, and I am very excited about the additional capabilities we will gain in the packaging markets. The work QuadTech has done recently on color within the packaging market clearly places us as the industry leader, and we have aggressive plans to build upon that position. I fully expect that our combined global presence, coupled with a new tiered product offering, will position the company to further satisfy our customers’ needs in an even larger geographical area.”
more at:  http://www.piworld.com/article/baldwin-expands-global-platform-acquisition-quadtech-inc/

Related Posts

First Installation of RMGT 10 Series Press Powered by LED-UV in Chicago

In late September 2017, the first RMGT 10 Series Press powered by LED-UV curing and featuring a full suite of RMGT makeready and print quality technology, will be installed at VISOgraphic’s 40,000-sq.-ft. facility based here. When Chicago area commercial, digital and packaging printer VISOgraphic began its search for the new 40” offset printing press that would propel them through the growth spurt they are experiencing, the RMGT 10 Series really wasn't on its radar. However, after several meetings and visits to key RMGT customers in the Midwest, the decision to move ahead with RMGT was made by the VISOgraphic management team.

EFI Reports Third Quarter 2017 Results

For the nine months ended September 30, 2017, the Company reported revenue of $724.1 million, down 0.2% year-over-year compared to $725.4 million for the same period in 2016. GAAP net income was $9.4 million or $0.20 per diluted share, compared to $25.0 million or $0.52 per diluted share for the same period in 2016. Non-GAAP net income was $74.0 million or $1.57 per diluted share, compared to non-GAAP net income of $80.5 million or $1.68 per diluted share for the same period in 2016. Cash flow from operating activities for the nine months ended September 30, 2017, was $42.4 million, down 24% compared to $55.8 million during the same period in 2016. "We are clearly disappointed in the third quarter results, which fell below our expectations largely due to delayed deals in our direct business," said Guy Gecht, CEO of EFI. "To reaccelerate growth, we are reallocating budget and talent toward our largest opportunities, in textile and packaging, along with making organizational changes and adding senior positions to improve focus and execution." Click Read More below for additional information.

Commercial Printing Industry Outlook: Preparing for the Upturn in 2021 (piworld..com)

The commercial printing industry will grow in 2021. Growth will begin during the second quarter, and accelerate through year end. No company, however, should count on the upturn or the shakeout of weak competitors to make everything right. Much will be different in the post-COVID world. And much of the gains ahead will be reserved for companies already thinking about those differences, and how to make them opportunities rather than threats. Those conclusions are based on the COVID-19 Print Business Indicators Survey, conducted every other month by PRINTING United Alliance and NAPCO Research. Nearly 200 commercial printers participate. The diverse group has annual sales ranging from less than $1 million to more than $700 million, and is located across the U.S. and Canada. We measure percent change in sales in two ways. Year-over-year is the first to capture the depth and breadth of the downturn. Among all companies surveyed, sales fell 16.9%, on average, during the first three quarters of 2020 compared with year earlier levels, declining for 81.9% — by at least 20% for more than half and at least 30% for nearly one-third — and increasing for just 17%. One participant speaks for many when he describes what’s happened this year as a “seismic downturn.”
Back To Top
×Close search
Search