Rotatek recapitalized by industrial partner

Rotatek has a new industrial partner which has recapitalised the company and prepared it for further international expansion.

New Rotatek management team L-R: CEO Joan Trenchs, deputy MD Bibiana Rodriguez, president Miguel Castiella

Commented deputy managing director Bibiana Rodríguez, 'This will allow us to strengthen our international expansion and to continue to develop new products customized to meet the needs of our customers in a demanding global market. With this new capital, the company has strengthened its balance sheet, expanded its financial capacity and ensured that we can accomplish our planned growth in the coming years'.

The company president is named as Miguel Castiella and Joan Trenchs becomes CEO.

Continued Rodríguez, 'We have considerably strengthened our professional team in key areas of the business such as technical service support, research and development and operations. We can now offer financing solutions to our customers to help them purchase Rotatek equipment. In this new era of financial strength and expansion, we forecast a doubling of turnover over the next two years.'

Rotatek was founded in 1970, specializing in rotary offset presses for security documents, packaging and high quality labels. The company has also developed flexo presses and offset digital label finishing systems. More than 1,700 press lines have been installed and 95 percent of the company's products are exported.

The current machinery range includes the Brava, Universal, Digitalis and Smartflex, all covered by international patents.