Baldwin Sells its Non-Core Food Blends Business

Baldwin Technology Company, Inc. (NYSE Amex: BLD), a global leader in process automation technology for the printing industry, today announced that it has sold Oxy-Dry Food Blends, Inc., a U.S. food blending and packaging business, to CPC Dry Pack, Inc., a contract manufacturing company.

In April 2011, Baldwin announced a planned exit of this non-core food blending and packaging business, classified Oxy-Dry Food Blends as discontinued operations and recorded certain third quarter charges. Additionally, the Company had announced its expectation to record an additional $3 million charge in the current fourth quarter related primarily to a continuing Oxy-Dry Food Blends lease obligation in Addison, Illinois and associated employment level reductions.

Under the terms of this transaction, the Company has fully transferred the lease obligation to CPC Dry Pack, Inc. and will no longer need to record the related fourth quarter charge.

Baldwin President and CEO Mark T. Becker said “We are pleased to have successfully consummated this stock sale just two months after designating this operation as discontinued operations. As previously noted, the food business was acquired in 2006 as part of our purchase of the Oxy-Dry group of companies. This non-core business did not have the scale to be successful as a standalone food operation within Baldwin but can add value to the buyers mainly through synergies in consolidation with their existing Chicago, Illinois area operations. Not included in the sale are our Oxy-Dry graphic arts powders brand and products which are a growing part of our expanding consumables business. We expect to provide uninterrupted service to our powders customers during a brief transition period” Becker concluded.

About Baldwin

Baldwin Technology Company, Inc. is a leading international supplier of process automation equipment and related consumables for the printing, publishing and packaging industries. Baldwin offers its customers a broad range of market-leading technologies, products and systems that enhance the quality of printed products and improve the economic and environmental efficiency of the printing process. Headquartered in Shelton, Connecticut, the Company has operations strategically located in the major print media markets and distributes its products via a global sales and service infrastructure. Baldwin’s technology and products include cleaning systems, fluid management and ink control systems, web press protection systems and drying and curing systems and related consumables. For more information, visit http://www.baldwintech.com. A profile for investors is available at www.hawkassociates.com/profile/bld.cfm.

Cautionary Statement

Certain statements contained in this News Release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, risks and uncertainties are detailed in the Company's periodic filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. The Company undertakes no obligation to update any forward-looking statements contained in this news release.

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