Industry News, Mergers and Acquisitions, Printers News

Heidelberger Sells Hi-Tech Coatings Division For €38.5 Million

Bought by Innovative Chemical Products Group's Industrial Solutions Group division, based in Itasca, IL.

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By: Anthony Locicero

Copy editor, New York Post

Heidelberger Druckmaschinen AG (Heidelberg) sold its Hi-Tech Coatings division for coatings used by the packaging, labeling, and printing industries to Innovative Chemical Products Group’s Industrial Solutions Group division, a global provider of packaging, labeling, and specialty clear coatings based in Itasca, IL. The divestiture is a part of Heidelberg’s initiative to focus on core activities and portfolio adjustments. Hi-Tech Coatings develops and produces more than 1,000 environmentally c...

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