Chinese press maker Hans Gronhi has completed its acquisition of troubled Japanese manufacturer Shinohara. The agreement will see Hans Gronhi gain all of Shinohara’s machinery inventory and patent technology.
Shinohara Machinery Co. was established in 1919 to produce machine tool making equipment. It expanded into the printing field in 1948 with flatbed letterpress machines. In the 1960s through the 1980s, it was famous for producing the Fuji series of offset presses. The company established a U.S. sales office in 1989. Shinohara produces presses from 20-inch to 42-inch widths. In January of this year, the company declared bankruptcy in Japan.
After the acquisition, Hans Gronhi will incorporate Shinohara’s offerings into its own and move production to its facility in Yingkou, China.
Hans Gronhi, founded in 2006 through the merger of Shenzhen Hans Laser Technology and Yingkou Gronhi Offset Printing Machine, sells the majority of the B3-size presses in its domestic market. In 2009, the company acquired rival Sanxin, a supplier of printing presses and packaging machines based in South East Asia.