K&B takes over Duran's 80% folder gluer business

Koenig & Bauer has agreed with Duran Mechanism in Istanbul to take over 80% of its folder-gluer business organization and integrate it into the Group nether the name Koenig & Bauer Duran. With this latest acquisition, the globe's oldest press press manufacturer is again strengthening its activities in the growth segment of machines and systems for packaging production. Together with the Koenig & Bauer Rapida sheetfed presses, flatbed dice-cutters from Koenig & Bauer Iberica and the folder gluers from Duran, the company tin now offer consummate lines for the printing and processing of folding boxes from a unmarried source – with products made in Europe.
Ralf Sammeck, chief executive officer of Koenig & Bauer Sheetfed and member of the Koenig & Bauer management board said, "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 farther expanding our worldwide presence as the press press and die-cutter manufacturer with the broadest production portfolio."
Duran has more than xxx years of feel in designing and manufacturing folder gluers in various formats and configurations. Thanks to market share gains, today Duran has established itself as 1 of the leading manufacturers in its field. Along with six standard series of Omega folder gluers with different specifications and coincident equipment, the company besides provides R&D services to encounter specific production requirements, starting from unique packaging designs and the manufacturing of innovative tailor-made machinery.
Duran machines are used worldwide by manufacturers of cardboard and corrugated board packaging in more than than 65 countries. Koenig & Bauer Duran will continue its activities in Duran Mechanism's existing premises in Istanbul and with Duran'south direction fully on board. Oktay Duran, chairman of Duran Machinery said, "We are proud to be a role of the slap-up Koenig & Bauer Grouping and we are certain that we will achieve greater success in the global folding carton market with our new synergy."
Koenig & Bauer expects the acquisition and integration of Duran to heave its market share in folding carton gluers, strengthen packaging production activities and boost sales. The conquering and integration of Duran is in line with the global Koenig & Bauer Group's strategy of focusing on growth markets

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