Perusa, a German private equity group, had exited its position in Kammann Maschinenbau. Perusa sold its 85% stake in the company to KBA , a printing press manufacturer based in Germany as well. Kammann Maschinenbau is a glass container printing company servicing the drinks and cosmetics industries.
Two managing directors in Kammann Maschinenbau will maintain 15% shares of the business. Analysts said that KBA had taken another move on its diversification route with the purchase of the German direct-to-container press supplier.
This deal follows KBA's acquisition of Flexotecnica, an Italian flexo press manufacturer, in February. The deal is part of the company's program to make targeted buyouts in high potential print segments.
"We want to expand our position in the growing and widespread packaging market and Kammann addresses a small but profitable niche in this printing segment," Klaus Schmidt, marketing director of KBA, explained. Schmidt added that KBA will not start processing Kammann presses in its own production facilities.
"The design and assembly of Kammann machines will stay at the Kammann site in Bad Oeynhausen. Manufacturing of parts, but not engineering, assembly and service, is mostly outsourced today and this will be the case in the future since it's less risky," he stated.
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