TRELLEBORG, Sweden (March 19, 2008) – A Trelleborg A.B. division has agreed to acquire MacDermid Inc.'s offset printing blankets operations for about $66.5 million in cash.
Trelleborg Engineered Systems is buying Denver-based MacDermit Offset Printing Blankets, which is based in Denver and makes printing blankets for the graphics industry. The company employs about 400 and reported sales of about $89.8 million in 2007, according to Trelleborg.
The acquisition strengthens Trelleborg's position in the area of printing blankets—polymer-coated composite fabrics designed in several layers for use in commercial offset printing. Trelleborg said its operations will be integrated with the existing business in Trelleborg Engineered Systems.
MacDermid Offset Printing Blankets has production sites in the U.S. and France as well as a global sales organization, Trelleborg said.