Converting equipment specialist LemuGroup has acquired fellow Spanish manufacturer Mida Maquinaria.
Founded in 1993 and located in Vitoria, Spain, Mida Maquinaria manufacturers high quality equipment for printing and digital finishing and embellishment. In recent years, it has specialized in the high-end wine label, cosmetic and nutricutical label sectors.
Iñaki Larrea, CEO of LemuGroup, said: ‘Mida shares the identical vision and values of LemuGroup, such as excellence in customer service and long-term growth and partnership with the customer. It will become one of the focal points of growth within the label division for LemuGroup.’
Josu Alvarez, CEO of Mida Maquinaria, said: ‘We are proud and excited about our integration with this dynamic group. It will allow us to increase our presence in markets all over the world. Great projects are still to come.’
Jokin Iruretagoiena, sales director for the Label Division at LemuGroup, said: ‘This is a very important step in positioning LemuGroup as a key integral supplier of solutions for the label industry worldwide. The common culture of developing high quality products will be the key to LemuGroup becoming a leader in the label and flexible packaging industry.’