Bobst Enters Negotiations with WIFAG-Polytype
- Published: April 05, 2016
MEX, SWITZERLAND | Bobst and WIFAG-Polytype Group, Bern, Switzerland, have entered into exclusive negotiations regarding a potential acquisition of WIFAG-Polytype’s coating technology business. This is part of the BOBST strategy to drive and continuously expand its existing product portfolio. With this acquisition, BOBST intends to leverage the strengths of both companies and to continue growing its coating technology business internationally.
The proposed transaction is subject to the parties reaching a definitive agreement, with the closing of the transaction expected to occur at the end of the second quarter of 2016. Even if a definitive agreement is reached, the transaction may be subject to customary regulatory approvals and potentially other conditions. There is no assurance, however, that any definitive agreement will be reached or that the closing of the contemplated transaction will occur.
Bobst is a supplier of equipment and services to packaging and label manufacturers in the folding carton, corrugated board, and flexible materials industries.
WIFAG-Polytype Group is a privately owned international engineering and manufacturing company with its headquarters in Fribourg, Switzerland. The group is a producer printing machines for plastic containers and tubes and metal packaging equipment as well as a developer of high-precision coating and laminating equipment and process solutions for the production of multilayer films and papers. The company maintains sites in Asia, US, and Europe and employs more than 800 people worldwide.
