Durst And Koenig & Bauer Sign 50/50 Joint Venture Agreement

686
Stefan Kappaun, Durst Group; Christopher Kessler, Koenig & Bauer AG; Christoph Gamper, Durst Group; Christian Gatterer, Durst Group; Jochen Sproll, Koenig & Bauer AG; Claus Bolza-Schünemann, Koenig & Bauer AG and Harald Oberrauch, Durst Group.

Koenig & Bauer Durst GmbH will have its registered office in Würzburg and cooperate closely with both parent companies’ global network. Initially, the joint venture portfolio will comprise the Koenig & Bauer CorruJET 170 and the Durst SPC 130 – including all associated services and the ink business – as well as the development of the VariJET 106. 

The signing of the agreement paves the way for the joint development and marketing of single-pass digital printing systems for the folding carton and corrugated fibreboard industry. The antitrust clearance that is still required from the relevant antitrust authorities before ‘Koenig & Bauer Durst GmbH’ can be officially established is expected to be granted in the next few weeks. Business operations should then commence by the end of May and a Managing Director will be appointed. 

‘It was a short path from letter of intent to official signature because the negotiations had already been conducted in a spirit of genuine cooperation,’ said Christoph Gamper, CEO of the Durst Group. ‘We want to work efficiently and purposefully towards a common goal – tapping the huge potential that digital production lines offer for the packaging industry.’ 

‘Koenig & Bauer Durst will combine different key technology areas and market expertise to perfect effect,’ said Claus Bolza-Schünemann, CEO of Koenig & Bauer AG. ‘I am convinced that the joint venture will benefit from the spirit embodied by both companies and that something really special is emerging here. The packaging industry is looking for new, more efficient production opportunities and Koenig & Bauer Durst will supply the necessary digital solution.’

DURST https://www.durst-group.com/

KOENIG & BAUER https://www.koenig-bauer.com/en

Previous articleEFI Enters Into Acquisition Agreement With Siris Affiliate
Next articleKodak Announce Sale Of Flexographic Packaging Division