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Industry

Durst and Koenig & Bauer sign joint venture

Following plans to combine strengths in a 50/50 partnership, Durst and Koenig & Bauer have now signed a joint venture agreement.

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Senior members of Durst and Koenig & Bauer

Durst, a manufacturer of advanced digital printing and production technologies, and Koenig & Bauer, the world’s second-largest printing press manufacturer, are to pool their know-how and strengths.

The signing of the agreement paves the way for joint development and marketing of single-press digital printing systems for the folding carton and corrugated fibreboard industry.

“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,” says Christoph Gamper, chief executive officer of the Durst Group.

He continues: “We want to work efficiently and purposefully towards a common goal – tapping the huge potential that digital production lines offer for the packaging industry.”

According to the two companies, 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.

...negotiations had already been conducted in a spirit of genuine cooperation

Providing this is completed, business operations will begin at the end of May and a managing director will be appointed.

Koenig & Bauer Durst will operate from an office in Würzburg with its initial portfolio comprising of 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.

“I am convinced that the joint venture will benefit from the spirit embodied by both companies and that something really special is emerging here,” says Claus Bolza-Schünemann, chief executive officer of Koenig & Bauer.

“The packaging industry is looking for new, more efficient production opportunities and Koenig & Bauer Durst will supply the necessary digital solution,” he concludes.

If you have any news, please email carys@linkpublishing.co.uk or join in with the conversation on Twitter.


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