Agfa to buy DuPont's printing plates business

06 February 1997 00:00  [Source: ICB]

Bayer film products subsidiary Agfa-Gevaert has signed a letter of intent to negotiate the acquisition of DuPont's graphic films and offset printing plates activities, which have annual sales of nearly DM900m ($531m). Production facilities are in the UK and Germany. Agfa's printing plates business, including the units acquired from Hoechst in 1995, represented about half of Agfa's DM7.5bn annual sales in 1996. An acquisition agreement would be subject to approval by both companies' boards and cartel authorities.

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly