Koenig & Bauer extends shareholding in Duran Machinery
Print Solutions Packaging Solutions
Koenig & Bauer has agreed with Duran Machinery in Istanbul to take over 80% of its folder gluer business and integrate it into the hroup under the name Koenig & Bauer Duran.
With this latest acquisition, Koenig & Bauer is once again strengthening its activities in the growth segment of machines and systems for packaging production. Together with the Rapida sheetfed presses, flatbed die cutters 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.
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.
Along with six standard series of Omega folder gluers with different specifications and ancillary equipment, the company also provides research ad development services to meet specific production requirements.
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 stated: ‘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.’
With the acquisition of Duran Machinery Koenig & Bauer further expands its activities in the growing packaging market. (From left to right): Christopher Kessler, legal counsel Koenig & Bauer; Patrick Masson, CEO of KBA-Iberica; Ralf Sammeck, CEO of Koenig & Bauer Sheetfed and member of the Koenig & Bauer management board; Oktay Duran, chairman of Duran Machinery; and Apo Kücükaras, Duran Machinery, after signing the contract.