Flint Group has issued a binding offer to Siegwerk to acquire their web offset business.
This offer includes the transfer of all technical expertise and product portfolios relating to Siegwerk’s Heatset and Newsink product lines.
Siegwerk’s decision to sell its web offset business is in line with its strategy to focus on its core business in packaging printing, which is growing globally, and to further build its market leadership in inks and coatings for labels and flexible packaging where the company sees significant potential.
All 76 permanent employees in Siegwerk’s web offset business will be offered a transfer into other areas within their Siegburg site with Flint Group intending to employ a core team from Siegwerk’s web-offset business after the sale.
