Upfront 6-01

MBO Mourns Death of Founder
OPPENWEILER, GERMANY—Heinz Binder, owner and chairman of MBO Binder & Co., died May 3. Mr. Binder, 81, was actively involved with the company and served as chairman. Originally a Certified Public Accountant (CPA) by trade, he founded MBO Germany in 1965. The company quickly gained a fine reputation for manufacturing folding machines. He simultaneously established both MBO America and MBO Portugal in 1984, securing worldwide recognition for his company.