Trelleborg, Sweden — Trelleborg Group has signed a deal to sell its printing blankets operations to Continental A.G., which plans to integrate it into its ContiTech business.
Terms of the deal, announced Nov. 11, were not disclosed, as reported by our sister publication Rubber News.
Trelleborg's printing solutions business is based in Lodi Vecchio, Italy, where the firm develops and manufactures printing blankets in polymer-coated fabrics. Printing blankets are used for all types of offset printing, as well as flexo and digital printing. The operation also includes a carrier sleeve product line for packaging flexo printing.
The Swedish firm has held the unit under its "assets held for sale," since the firm's December 2019 strategic review, which was tasked with evaluating various structural initiatives for a number of operations.
"This divestment marks our exit from the printing blanket market," Peter Nilsson, Trelleborg president and CEO, said in a statement. "The operation is global, holds a leading position and has developed well under Trelleborg's management. It is therefore gratifying that a new owner is taking over who can develop it further."