The offices of Iberica in El Prat de Llobregat, Barcelona, Spain have now been taken over by Koenig & Bauer (KBA). The takeover of Iberica in Spain by German press manufacturer KBA announced on 23 May 2016 is now complete with the signing of the purchase agreement by Officine Meccaniche G. Cerutti (OMGC) from Italy.
The KBA Group expands its extensive portfolio for packaging customers in print finishing with the acquisition of the diecutter manufacturer based in Barcelona. Iberica, with about 60 employees, produces medium and largeformat flatbed diecutters for board and corrugated packaging. KBA has been active in this market successfully for some time with its presses.
The takeover and integration of Iberica underscores KBA Group’s global focus on growth markets and greatly improves the Spanish diecutters’ growth prospects. The parties agreed not to disclose the purchase price or further details regarding the takeover. For the transaction OMGC has been advised by Fredericks Michael & Co.