Baldwin to be acquired by Forsyth

A global leader in process automation technology for the print media industry, Baldwin Technology Company today announced that it has entered into a definitive agreement to be acquired by Forsyth Baldwin, LLC, a company controlled by Forsyth Capital Investors, LLC. The merger agreement permits the board to solicit, receive, evaluate and enter into negotiations with respect to alternative proposals through January 28, 2012. If there is no superior offer, the transaction is expected to close in the second quarter of 2012, subject to customary approvals and closing conditions. Mark Becker, CEO of Baldwin, noted: “The transaction will improve Baldwin’s financial strength and enable it to continue to operate effectively in its current markets and beyond.”