The Bobst Group has taken a 65 percent stake in the Italian flexo press manufacturer, Nuova Gidue, with the option to purchase the remaining shares. Nuova Gidue makes highly automated narrow and mid-web in-line flexographic and offset presses for the self-adhesive labels industry and short-run solutions for packaging converters. It has developed award-winning digital flexo technologies that enable fast turnaround of jobs, as well as being a driving force in the Revo project for the introduction of the seven-colour separation standard in packaging.
Bobst has said that it expects strong growth in the labels and packaging industries and that this acquisition will help extend its range. Erik Bothorel, Head of Bobst Business Unit Web-fed and Member of the Group Executive Committee, said: “We are impressed by the innovation, performance and product range of Nuova Gidue Srl, which enlarges the product portfolio of Bobst Group in the narrow and mid-web market. We believe it is the perfect match, at the perfect moment.”
Federico d’Annunzio, the owner of Nuova Gidue, will continue as CEO. Both parties have agreed not to disclose any information concerning the conditions of the transaction.