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KBA North America Iberica Deal
January 5, 2017 By PrintAction Staff
KBA president and CEO Claus Bolza-Schünemann (second from left) with Iberica engineers on a tour of the assembly hall. KBA North America has been named the North American exclusive distributor for the Barcelona-based medium- and large-format flatbed diecutter manufacturer Iberica AG S.A., which was purchased in May 2016 by the press maker’s German parent company, Koenig & Bauer.
Iberica has been producing machinery for the printing and packaging industries for 64 years. KBA describes its new subsidiary, KBA-Iberica Die Cutters S.A., with around 60 employees, as the world’s second largest manufacturer of die-cutting and creasing machines.
“Iberica has a superb reputation in its market. With this acquisition, our parent company is underscoring its focus on the growing packaging market delivering 70 percent of its presses to folding-carton printers,” said Mark Hischar, President and CEO of KBA North America. “KBA has cemented its reputation as the longstanding market leader in folding carton printing. By adding flatbed die-cutters to our portfolio for the same customer group provides an opportunity for KBA to expand its strong market position.”
The distributorship – with sales, service and parts support – began on January 1, 2017.
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