Würzburg (pta/21.07.2022/21:00 UTC+2)
Koenig & Bauer AG, Würzburg ("Koenig & Bauer," WKN: 719 350 / ISIN: DE0007193500) and the shareholders of Celmacch Group S.r.l. – a leading manufacturer of high board line flexo printing presses and rotary die-cutters for the corrugated board industry – have today joined forces and agreed to the acquisition of a 49 per cent stake in the latter's business by Koenig & Bauer. This lays the foundations for collaboration on development and marketing activities on the growth market for corrugated board. Koenig & Bauer has the option to acquire further shares in Celmacch Group S.r.l..
Celmacch Group S.r.l. counts around 50 employees and has gathered over 40 years of experience on the growth market for corrugated board, a segment that Koenig & Bauer also addresses with its complementary CorruCUT and CorruFLEX presses. Celmacch Group S.r.l. is a financially healthy company and has built up an excellent market standing, especially since the relaunch of its Chroma product family in 2019. These presses are already supplied to numerous major international packaging producers, primarily on the local markets. On this basis, turnover has increased strongly to around €20 million. Celmacch Group S.r.l. will operate as Koenig & Bauer Celmacch S.r.l. in future; its offices remain in Desenzano, Italy. For the first phase of the partnership, the focus will be placed on joint sales and service activities, further product development and expansion of the company's assembly capacities. Under the name 'Chroma', a new product family will cover all price and performance classes in the relevant market segment.
Acquisition of the shares in Celmacch Group S.r.l. remains subject to official approval from the Italian authorities that oversee foreign direct investment. The parties have agreed not to disclose further details of the transaction. The final closing is anticipated for September 2022.
Koenig & Bauer AG
|Contact Person:||Lena Landenberger|
|Phone:||+49 931 909-4085|
|Stock Exchange(s):||Regulated Market in Frankfurt, Munich; Free Market in Berlin, Dusseldorf, Hamburg, Hannover, Stuttgart, Tradegate|