Erik Bothorel, head of Bobst business unit web-fed and member of the Group Executive Committee
Nuova Gidue has sold a 65% share of its business to Bobst Group which has also been given the option to purchase the remaining shares.
The owner of Gidue will remain with the company as CEO and shareholder.
Bobst hopes the technology it now owns will extend its range of printing and converting solutions and strengthen its strategy of expansion in the label industry.
Erik Bothorel, head of Bobst business unit web-fed and member of the Group Executive Committee, said, ‘We want to grow in the label segment and establish our leadership in short run packaging solutions. The innovative technologies of Nuova Gidue Srl in flexography and offset can be easily integrated into our existing product lines. Bobst today offers the widest range of printing and converting equipment for the packaging industry and confirms its commitment to innovation.’
Federico d’Annunzio, CEO of Gidue, commented, ‘Bobst has a strong history and reputation, and a worldwide leadership position in the packaging market. We are proud to be part of a global organisation and to bring in our established presence in the label market, as well as the recognised Nuova Gidue culture of innovation. Our partners, customers, suppliers and employees will take great advantage from the long term plans of Bobst Group.’
Bobst Group expects strong growth in the labels and packaging industries, and plans to build on the expertise and dedication of Gidue’s existing management and employees at its location in Florence (Italy). Erik Bothorel concluded, ‘We are impressed by the innovation, performance and product range of Nuova Gidue Srl, which enlarges the product portfolio of Bobst Group in the narrow and mid-web market. We believe it is the perfect match, at the perfect moment.’
