Goss International’s printing press business and manroland web systems, both manufacturers and service providers of web offset printing systems for newspapers, commercial products and packaging, are planning to combine their complementary businesses.
The combined company will benefit from the companies’ complementary geographic footprints, create extensive synergies, ensure long-term viability, and provide value-oriented solutions, especially in the area of aftermarket services. In the future, the new entity will be a strong business partner to all international web printers. Subject to regulatory approval, the merger is expected to be completed by the middle of 2018. The Contiweb business of Goss International is not included in this transaction (see below for additional details on Contiweb) .
Shaping the Future Through Targeted Consolidation of Two Strong Companies
Commenting on the consolidation of both companies, Alexander Wasserman, CEO of manroland, said: “manroland is on the path for continued success. We want to continue to develop this path by creating synergies, fostering the further development of our R&D activities and strengthening our innovation focus. Our customers will be able to choose from a wider portfolio of products and services.”
Mohit Uberoi, CEO of Goss, also stated: “This combination will enable us to achieve extensive synergies that will help us optimally serve our customers into the future. The combination will strive to provide a best-in-class product offering and customer service.”
The current shareholders of Goss, American Industrial Partners, and of manroland, Possehl Group (Lübeck), will continue to co-own the combined company.
more at: http://www.piworld.com/article/goss-manroland-web-systems-intend-combine/