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Heidelberg and Masterwork have extended their long-standing sales partnership, with the Chinese manufacturer of die-cutting machines and hot foil embossing machines become a strategic anchor shareholder.
Based in the Chinese city of Tianjin, Masterwork is to obtain around 8.5% of Heidelberg share capital under a cash capital increase from authorized capital excluding shareholder subscription rights. The implementation of such capital measure is subject to approval by Heidelberg’s supervisory board. Heidelberg is seeking to further improve its market position in the growing packaging printing segment. The proposed capital increase provides the opportunity for Heidelberg to acquire a further strategic anchor shareholder with a long-term investment horizon as well as to strengthen its equity.
Heidelberg CEO Rainer Hundsdörfer said, “The Heidelberg management board and supervisory board are delighted that our long-standing, successful collaboration with Masterwork is to become much closer. This opens up further potential in the growing packaging printing segment, especially in China – the world’s largest individual market. We are delighted that in Masterwork we are obtaining another long-term investor.”