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 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, flatbed die cutters from Koenig & Bauer Iberica and the folder gluers from Duran, the company can now offer complete lines for the printing and converting of folding cartons from a single source – with products made in Europe.
Ralf Sammeck, CEO of Koenig & Bauer Sheetfed and member of the Koenig & Bauer management board said, “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 gluers are used worldwide by manufacturers of corrugated and folding carton packaging in more than 65 countries. Koenig & Bauer Duran will run 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 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.
At centre, Ralf Sammeck, CEO of Koenig & Bauer Sheetfed and Member of the Board of Koenig & Bauer with Oktay Duran, Chairman of Duran Machinery and other key team members.
