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Gruppo Cerutti has sold a majority of shares of Flecotecnica to Koenig & Bauer

by / Sunday, 18 August 2013 / Published in Press Release

Lincoln International advised Koenig & Bauer on the acquisition of printing machinery manufacturer Flexotecnica

Stockmarket quoted Koenig & Bauer AG acquires the majority of shares of Flexotecnica S.p.A., a subsidiary of Italy based Officine Meccaniche G. Cerutti S.p.A.

Flexotecnica is an innovative manufacturer of specialty printing machinery for use in printing flexible packaging materials. Through this addition Koenig & Bauer expands its portfolio in the growing print market for flexible packaging. The final takeover is, however, still subject to the fulfillment of certain contractual conditions, including the approval by the relevant antitrust authorities.

Koenig & Bauer AG (KBA), Würzburg, is the second-largest printing equipment manufacturer worldwide, with the broadest product range in the industry, and a key supplier to the global media industry. KBA’s core competence is the development and manufacture of technologically innovative yet cost-effective printing systems and peripherals for a broad range of applications and industries. With some 6,300 employees KBA is present in all major geographies in Europe, North America and Asia through own sales subsidiaries and a network of agents.

With circa 100 employees in its main location, Tavazzano, Italy, Flexotecnica designs and markets central-cylinder flexo presses for printing on various flexible packaging materials. So far Flexotecnica has been focusing on Europe and on some overseas markets.

Officine Meccaniche G. Cerutti S.p.A., is an Italian group specialized in gravure for packaging and publication with headquarters in Casale Monferrato near Turin.

Lincoln International was mandated by KBA as exclusive M&A advisor for the acquisition process. Despite the complexity of this cross-border transaction it was possible to complete the process most efficiently in only a few months.

About Lincoln International

Lincoln International specializes in merger and acquisition advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions and valuations on a wide range of transaction sizes. With 10 offices in Asia, Europe and North America Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
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