After its February purchase of Flexotecnica, the Koenig & Bauer Group (KBA) expanded its diversification path with the recent acquisition of Kammann Maschinenbau. The latter is a direct-to-container decoration press maker based in Germany owned by Perusa, a German private equity firm. With sales reaching EUR 30 million (USD 43 million), Kammann leads in printing glass containers for the cosmetics and drinks industries. KBA, the second-largest press manufacturer worldwide, will have an 85% stake in Kammann while the two managing directors from the acquired company will retain control of the remaining 15%.
KBA Marketing Director Klaus Schmidt said that that the acquisition of Kammann "addresses a small but profitable niche in this printing segment." There are no plans, however, to begin making Kammann presses in KBA's own 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 said.
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