Home' FLEXO Magazine : June 2015 Contents Bobst Group to Acquire 65 Percent Share of
Nuova GIDUE S.r.L.
FLORENCE, Italy—Bobst Group and the owner of Nuova GIDUE
S.r.L ., an Italian manufacturer of narrow and mid web printing
presses, have signed an agreement by which Bobst Group acquires 65
percent of GIDUE, with the option to purchase the remaining shares.
Federico d’Annunzio, the owner of Nuova GIDUE, will remain at the
company as CEO and shareholder. Both parties have agreed not to
disclose any information concerning the conditions of the transaction.
GIDUE provides highly automated narrow and mid web inline flexog-
raphic and offset presses for the self adhesive labels industry and short
run solutions for packaging converters. With the innovative technol-
ogies of GIDUE, Bobst will extend its already wide range of printing
and converting solutions and the purchase confirms its strategy of
expansion in the label industry.
Erik Bothorel, head of Bobst business unit web fed and member
of the Group Executive Committee, said: “We want to grow in the
label segment and establish our leadership in short run packaging
solutions. The innovative technologies of Nuova GIDUE S.r.L . in flex-
ography and offset can be easily integrated into our existing product
lines. Bobst today offers the widest range of printing and converting
equipment for the packaging industry and confirms its commitment
In 2014, GIDUE received the Global Label Award for innovation and
in May of this year received the FTA Technical Innovation Award. Its
digital flexo technologies are a major breakthrough in flexography and
GIDUE is also a driving force in the REVO Team for the introduction
of the 7-color separation standard in packaging.
On selling the majority stake, d’Annunzio commented: “Bobst has a
strong history and reputation, and a worldwide leadership position in
the packaging market. We are proud to be part of a global organi-
zation and to bring in our established presence in the label market,
as well as the recognized Nuova GIDUE culture of innovation. Our
partners, customers, suppliers and employees will take great advan-
tage from the long term plans of Bobst Group.”
AUGSBURG, Germany & HOD-HASHARON, Israel—Er-
hardt+Leimer, a leader in system solutions and process control equip-
ment to web based industries and AVT (Advanced Vision Technology),
a leader in print inspection, print process control and quality assurance,
have announced their intention to form an alliance that will broaden
product portfolios and strengthen services for customers of both com-
panies, including end users and OEMs, through solutions born of the
two companies’ combined experience and technological skills.
According to the companies understandings, in a first step AVT will
acquire E+L’s automatic print inspection solutions and will assume the
responsibility to develop and manage these solutions for both compa-
nies’ customers in the label and packaging applications, including the
corrugated segment. In return, E+L will be entitled to future earnouts
and a cash payment as per the set terms. As part of the agreement, Dr.
Michael Proeller, E+L’s CEO, will be appointed chairman of AVT’s Ad-
visory Board and serve as an observer on AVT’s Board of Directors.
The expected agreement makes AVT the official inspection and press
control provider for E+L, positioning AVT as responsible for the com-
panies’ mutual automatic print inspection solutions development; this
includes both current products and ongoing product developments
in the printing sector. Being an integration specialist, E+L is the ideal
partner for the realization of complex automation and inspection
solutions. Each company will then offer solutions from both AVT and
E+L to all customers.
Rock-Tenn Merger to
Be Named WestRock
NORCROSS, GA—WestRock Company has been announced by
MeadWestvaco Corp. and Rock-Tenn Co. as the name for the new
company when the two packaging leaders complete their previously
announced combination. WestRock will trade on the New York Stock
Exchange under the ticker symbol WRK.
“WestRock draws on the strongest elements from each of our legacy
names,” said Steve Voorhees, who will be the CEO of WestRock
Company. “ The name speaks to our determination to build on the
long track record of success and growth that has been established by
both companies. WestRock’s aspiration is to be the premier partner
and unrivaled provider of winning paper and packaging solutions for
The pending combination between MeadWestvaco and Rock-Tenn
was announced on Jan. 26, 2015. The companies have received
antitrust approval in the U.S. and are awaiting other regulatory and
shareholder approvals that are expected in June.
12 FLEXO | JUNE 2015
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