The printing press business of Goss International and manroland web systems, both manufacturers of web offset printing systems for newspapers, commercial products and packaging, are planning to combine their businesses.
Subject to regulatory approval, the merger is expected to be completed by the middle of 2018. The Contiweb business of Goss International is not included in this transaction.
Alexander Wasserman, CEO of manroland, said: ‘manroland is on the path for continued success. We want to continue to develop this path by creating synergies, fostering the further development of our research and development activities and strengthening our innovation focus. Our customers will be able to choose from a wider portfolio of products and services.’
Mohit Uberoi, CEO of Goss, stated: ‘This combination will enable us to achieve extensive synergies that will help us optimally serve our customers into the future. The combination will strive to provide a best in class product offering and customer service.’
The current shareholders of Goss, American Industrial Partners, and of manroland, Possehl Group (Lübeck), will continue to co-own the combined company.
The new company will rely on the combined expertise of its employees and will further continue its activities in the fields of innovative web printing systems, services, consumables and system components for the newspaper, commercial, packaging and digital printing markets. In addition to the new machinery and service business, the expansion of the business with retrofits and upgrades, and the systematic expansion of e-commerce activities will be major areas of focus.