Koenig & Bauer Expands Packaging Business with Acquisition of Duran Machinery's Folder/Gluer Business
RADEBEUL , Germany - December 3, 2018 - Koenig & Bauer has agreed with Duran Machinery in Istanbul to take over 80% of its folder/gluer business and integrate it into the Group under the name Koenig & Bauer Duran.
With this latest acquisition, the world's oldest printing press manufacturer is once again strengthening its activities in the growth segment of machines and systems for packaging production. Together with the Rapida sheetfed presses from Koenig & Bauer Sheetfed, flatbed diecutters from Koenig & Bauer Iberica and the folder gluers from Duran, the company can now offer complete lines for the printing and processing folding boxes from a single source – with products made in Europe. This gives Duran a clear competitive advantage over other suppliers of folding box gluers, which are left to their own resources in this market segment.
Ralf Sammeck, CEO of Koenig & Bauer Sheetfed and member of the Koenig & Bauer management board is pleased: "Over the past few years Duran has set new standards and successfully strengthened its position among our customers in the industrial packaging sector. We are now further expanding our worldwide presence as the printing press and die cutter manufacturer with the broadest product portfolio.“
Duran has more than 30 years of experience in designing and manufacturing folder gluers in various formats and configurations. Thanks to market share gains, today Duran has established itself as one of the leading manufacturers in its field. Along with six standard series of Omega folder gluers with different specifications and ancillary equipment, the company also provides R&D services to meet specific production requirements, starting from unique packaging designs and the manufacturing of innovative tailor-made machinery. Duran machines are used worldwide by manufacturers of cardboard and corrugated board packaging in more than 65 countries. Koenig & Bauer Duran will proceed its activities in Duran Machinery’s existing premises in Istanbul and with Duran’s management fully on board.
Oktay Duran, Chairman of Duran Machinery states: "We are proud to be a part of the great Koenig & Bauer Group and we are certain that we will achieve greater success in the global folding carton market with our new synergy.“
Koenig & Bauer expects the acquisition and integration of Duran to boost its market share in folding carton gluers, strengthen packaging production activities and boost sales.
The acquisition and integration of Duran is in line with the global Koenig & Bauer Group‘s strategy of focusing on growth markets.
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of Printing Impressions.
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