Koenig & Bauer to Buy Chinese Printing Machine Maker, FTD Says
By Sheenagh Matthews -
2012-05-07T05:55:07Z
Koenig & Bauer AG (SKB) plans to buy a majority stake in a Chinese sheet-fed printing-machine maker by the end of the year, Financial Times Deutschland said, citing an interview with Chief Executive Officer Claus Bolza-Schuenemann.
Bolza-Schuenemann, who declined to name the Chinese company, said he sees potential to optimize the machines without making them into “high-end German” devices, the newspaper said. Koenig & Bauer, which gets about 15 percent to 20 percent of sales from China, doesn’t yet have a factory in the country, FTD said.
To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net
To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.