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Press manufacturer expands portfolio for growing packaging market.
July 11, 2016
By: DAVID SAVASTANO
The takeover of Iberica AG S.A. in Spain by German press manufacturer Koenig & Bauer AG (KBA) announced on May 23, 2016 is now complete with the signing of the purchase agreement by Officine Meccaniche G. Cerutti S.p.A. (OMGC) from Italy.  The KBA Group expands its portfolio for packaging customers in print finishing with the acquisition of the die-cutter manufacturer based in Barcelona. Iberica and its approximately 60 employees produce medium and large-format flatbed die-cutters for board and corrugated packaging.  The takeover and integration of Iberica underscores KBA Group’s focus on growth markets and improves the Spanish die-cutters’ growth prospects. The parties agreed not to disclose the purchase price. Â
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