The majority acquisition of Italian press manufacturer Flexotecnica by Koenig and Bauer Group has been finalized.
Next year the youngest KBA subsidiary will be renamed KBA-Flexotecnica, and will be consolidated into the Group. This integration into a global sales and service network will for sure open up favourable prospects for further development, for the Italian Company.
KBA and Cerutti delegations after the closing
Officine Meccaniche Giovanni Cerutti will hold a stake in the firm. Adriano Canette, a descendant of the founding family working in the Company, remains a shareholer too.Dr. Giancarlo Cerutti is confirmed Chairman of the Board of new KBA-Flexotecnica, while Claudio Bisogni is confirmed as CEO.
"The step forward we have completed today represents the opportunity for Flexotecnica to fully exploit the benefits of the positive cooperation between KBA and Cerutti Group. We have always had excellent relations with our German colleagues: we will carry on working together for the interest of Flexotecnica and of the market itself" comments Dr. Giancarlo Cerutti, Chairmain and CEO of Officine Meccaniche G. Cerutti.