Goss International’s printing press business and manroland web systems announced plans to merge by mid-2018, subject to regulatory approval. The Contiweb business of Goss International is not included in this transaction. The current shareholders of Goss, American Industrial Partners, and of manroland web, Possehl Group (Lübeck), will continue to co-own the combined company.
Both manufacturers produce web offset printing systems and services for newspapers, commercial products and packaging, and hold what the companies describe as complementary geographic footprints that will help the new entity provide value to clients, particularly in the area of aftermarket services.
“manroland is on the path for continued success. We want to continue to develop this path by creating synergies, fostering the further development of our R&D activities and strengthening our innovation focus,” said Alexander Wasserman, CEO of manroland web.
Mohit Uberoi, CEO of Goss, stated: “This combination will enable us to achieve extensive synergies that will help us optimally serve our customers into the future. The combination will strive to provide a best-in-class product offering and customer service.”
The companies explain, that in addition to the new machinery and service business, the expansion of the business with retrofits and upgrades, and the systematic expansion of e-commerce activities will be major areas of focus.