Bobst Group completes acquisition of Fischer & Krecke

On March 31, 2008, following a thorough due diligence process, the approval by the German Federal Cartel Office and an intensive period of negotiations, Bobst Group completed the acquisition of 100 percent of the group Fischer & Krecke, Germany.

This acquisition is in line with the Bobst Group strategy to expand its operations in the flexible materials market worldwide and to strengthen its presence in the flexographic printing area. The price paid to the shareholder of Fischer & Krecke is EUR 5 million in shares of Bobst Group SA and EUR 548,000 in cash. 

With this acquisition, Bobst Group intends to establish its worldwide center of competence for flexographic printing for flexible materials in Bielefeld, Germany. The Piacenza, Italy site will be transformed into a group production site similar to the already existing sites in Itatiba, Brazil, Shanghai, China and Pune, India.