With the recent move, Koenig & Bauer (KBA) will take over 80% of Duran Machinery’s folder/gluer business and integrate it into the KBA Group under the name Koenig & Bauer Duran. Duran Machinery is located in Istanbul, Turkey. KBA expects the acquisition and integration of Duran to boost its market share in folding carton gluers, strengthen its packaging production activities and boost sales. The acquisition is in line with the global KBA Group’s strategy of focusing on important growth markets.
“With this latest acquisition, the world’s oldest printing press manufacturer is once again strengthening its activities in the growth segment of machines and systems for packaging production,” said the OEM. “Together with the Rapida sheetfed presses from Koenig & Bauer Sheetfed, flatbed die cutters from Koenig & Bauer Iberica, and folder/gluers from Duran, the company can now offer complete lines for the printing and processing of folding boxes from a single source – with products made in Europe. This gives Duran a clear competitive advantage over other suppliers of folding box gluers which are left to their own resources in this growing market segment.”
“Over the past few years, Duran has set new standards and successfully strengthened its position among customers in the industrial packaging sector,” said Ralf Sammeck, CEO of Koenig & Bauer Sheetfed and member of the Koenig & Bauer Management Board. “We’re now further expanding our worldwide presence as the printing press and die-cutter manufacturer with the broadest product portfolio.”
Duran has more than 30 years of experience in designing and manufacturing folder/gluers in various formats and configurations. Because of market share gains, Duran has established itself today as one of the leading manufacturers in its field. Along with six standard series of Omega Folder Gluers with different specifications and ancillary equipment, the company also provides R&D services to meet specific production requirements – from unique packaging designs to the manufacture of innovative custom-made machinery.
Duran machines are used around the globe by manufacturers of cardboard and corrugated board packaging in more than 65 countries. “Koenig & Bauer Duran will continue its activities in Duran Machinery’s existing premises in Istanbul, and with Duran’s management fully on board,” said the companies.
Oktay Duran, Chairman of Duran Machinery, added: “We’re proud to be a part of the great Koenig & Bauer Group and we’re certain that we’ll achieve greater success in the global folding carton market with our new synergy.”