Bobst Acquires Fischer & Krecke

Published: October 03, 2007, By pffc-online.com

PRESS RELEASE

BIELEFELD, GERMANY | The Grautoff family, majority shareholder of Fischer & Krecke, has signed an agreement concerning the sale of its shares to Bobst Group, Roseland, NJ. The agreement affects the shares in Fischer Beteiligungsgesellschaft, majority shareholder of Fischer & Krecke as well as Maschinenbau Wilhelm Kochsiek. Bobst plans to amend and extent its existing portfolio for printing machines by the acquisition of Fischer & Krecke.

Dietrich Bernhard Grautoff, majority shareholder and chairman of the advisory board of Fischer & Krecke, says, “My family sells off the company very reluctantly. After thorough consideration in the family circle we feel confident that a strategic connection with Bobst Group is the best solution to protect the further future of the company. With this decision the future product development, securing of the buying markets and further enlargement of worldwide distribution as well as the necessary funding can be ensured most likely. The shareholders and the members of the advisory board are convinced that they have found the best solution for employee job security and therefore for the future of Fischer & Krecke. The production location in Bielefeld will not only be retained, it will even be strengthened by adding new activities."

For more information, visit fischer-krecke.com or www.bobstgroup.com.