Koenig & Bauer acquires folder gluer business, creates Koenig & Bauer Duran
Turkey's Duran Machinery, a manufacturer of folder gluers, has become a member of the Koenig & Bauer Group, expanding the print specialist's activities in packaging production.
Koenig & Bauer has agreed to takeover 80 percent of Duran Mahinery's folder gluer business and integrate it into the group under the name Koenig & Bauer Duran.
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.
With this latest acquisition, the world's oldest printing press manufacturer has further strengthened its activities in the growth segment of machines and systems for packaging production. The acquisition and integration of Duran is in line with the global Koenig & Bauer Group‘s strategy of focusing on growth markets. Together with Koenig & Bauer Rapida sheet-fed presses, flatbed die-cutting machines from Koenig & Bauer Iberica and now folder gluers from Duran, the group can offer complete lines for the printing and processing of folding boxes from a single source.
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 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 R&D services to meet specific production requirements, starting from unique packaging designs and the manufacturing of tailor-made machinery. Duran machines are used worldwide by manufacturers of cardboard and corrugated board packaging in more than 65 countries.
By joining the Koenig & Bauer Group, it is said that Duran now has a clear competitive advantage; over other suppliers of folding box gluers. 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, Duran Machinery chairman, 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.’