By PrintAction Staff
By PrintAction Staff
Koenig & Bauer is taking over 80 percent of Duran Machinery’s folder gluer business in Istanbul and will integrate it into the group, under the name Koenig & Bauer Duran, to further expand its activities in the growing packaging market.
With this latest acquisition, the printing press manufacturer says it is strengthening its activities in the growth segment of machines and systems for packaging production. Together with the Rapida sheetfed presses from Koenig & Bauer Sheetfed, flatbed die cutters from Koenig & Bauer Iberica and the folder gluers from Duran, the company says it can now offer complete lines for the printing and processing folding boxes from a single source, with products made in Europe.
“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,” says Ralf Sammeck, CEO of Koenig & Bauer Sheetfed and member of the Koenig & Bauer management board.
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 packaging designs and the manufacturing of tailor-made machinery.
Koenig & Bauer Duran will proceed its activities in Duran Machinery’s existing premises in Istanbul and with Duran’s management fully on board.
“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 fold-ing carton market with our new synergy,” says Oktay Duran, Chairman of Duran Machinery.
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. Duran machines are used worldwide by manufacturers of cardboard and corrugated board packaging in more than 65 countries.