Baldwin Technology history

He was later joined by Wendell Smith and under their joint leadership they targeted international expansion, beginning with Japan in 1968, followed by rapid acceleration into key markets such as China, Germany and the U.K.

In 1969 Baldwin began an aggressive program of acquisitions to expand its product lines.

In 1971 Baldwin added a signature handling and stacking product line when it acquired Graphic Engineers.

In 1974 it acquired Sun Chemical Co.'s web control product line.

In 1983, Wendell Smith and a group of Baldwin’s other Baldwin leaders made a management buyout of the company.

In 1987 the Harold W. Gegenheimer Endowment was established at Rochester Institute of Technology's School of Printing Management and Sciences.

Sales for 1988 were projected at $90 million.

In 1989 sales rose to $125.5 million, up 31.4 percent, and net income increased to $9.2 million, up 50.6 percent.

During 1988 Baldwin entered the thermographic and forms handling equipment business with the acquisition of Ecamo, S.A., a French corporation, for $1.6 million. It acquired its United States counterpart, Specialized Printing Machinery (SPM), in 1990.

In 1991 Baldwin achieved its eighth straight year of record sales through recent acquisitions.

Both units lost $1.8 million in 1992.

In 1995 net income rose 37 percent to $5.7 million on record sales of $222.3 million.

In 1996 net income was $2.4 million on sales of $259.3 million.

For 1997 Baldwin reported a net loss of just under $38 million on sales of $244.1 million, which included a one-time charge of $42.4 million for the Misomex sale.

In an April 1998 interview in the Wall Street Transcript, Nathe was optimistic regarding the growth of print throughout the world.