Plockmatic Group has announced the signing of an agreement to acquire Chr. Renz GmbH
(Renz), a renowned German manufacturer of ring wire binding systems, along with its
subsidiaries in Australia, Argentina, the UK, and Turkey. This strategic acquisition marks a
key expansion step for Plockmatic, allowing it to enter the ring wire binding segment—a
sector that naturally complements its existing product portfolio in print finishing and
automation.
“The acquisition of Renz will be a great opportunity for Plockmatic Group, where we see
several opportunities and synergies between our organizations, and to further expand our
value proposition as solution provider to our customers. With Renz becoming a part of
Plockmatic Group, we will also get a strong and local sales organization in Germany, which
we have identified as an important growth market for Plockmatic Group going forward,” says
Jan Marstorp, CEO Plockmatic Group.
Michael Schubert, CEO of Renz, expresses happiness and relief about joining forces with
Plockmatic: “Becoming part of Plockmatic Group and finding a long-term solution for Renz,
following some very challenging years, make us look at the future with confidence again.
With the insolvency proceedings behind us and access to Plockmatic Group´s resources we
will now be able to invest in new products and continue long-term partnerships with our
customers and suppliers”.
With this acquisition, Plockmatic Group not only expands its technological capabilities but
also positions itself as a more comprehensive provider of end-to-end finishing solutions,
reinforcing its commitment to innovation and leadership in the global print industry. |
