17 March 2021
Agfa Contemplating Sale or Merger of Offset Division
BELGIAN—
Offset Solutions Division is 41% of total sales
Offset Solutions Division is 41% of total sales
Agfa has said it is “ready to contemplate” some sort of sale or merger of the group’s offset business in the face of overcapacity, a declining market and the price pressures that are affecting the group and its rivals. Several months ago Agfa announced a restructure at its Offset  business that would result in the operation being made a separate legal entity. Offset Solutions is Agfa’s biggest business division, accounting for 41% of
Offset  plate plant in England was closed last year
Offset plate plant in England was closed last year
overall group sales,  down 13.5% on the prior year. Adjusted EBITDA fell by 35.7% . Sales at Offset Solutions fell by 16.5% . The group said that its performance improved in Q4, with sales recovering from the second half. Agfa has said that it believed “current pricing levels in the [printing] industry are not sustainable”, and it is looking at ways it can adapt its pricing model for certain services it provides to customers.
 
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