the group that owns Mark Andy/Comco/UVT curing systems and is a world leader in narrow web presses and converting solutions
MAI Holdings, the group that owns Mark Andy/Comco/UVT curing systems and is a world leader in narrow web presses and converting solutions, has announced that it has acquired Rotoflex International, the industry-leading supplier of web inspection and finishing equipment as part of growth initiatives. The asset-only acquisition was finalised on December 11, 2008. The transaction marks a strong step for future business and growth plans for both parties.
According to MAI Holdings CEO Paul Brauss, “This addition is simply an incredible fit that will result in a stronger, stable business that will carry on the proud tradition of Rotoflex’s 35 years of leadership. We are combining the number one internationally recognised finishing equipment brand with world class operational excellence – an unbeatable combination. We deeply value the commitment of Rotoflex to understanding customer needs, innovative product designs and industry leadership. We are pleased to have found a partner with such strong values.”
To capitalise on its global leadership in inspection and finishing equipment, Rotoflex will maintain an independent brand presence. It has manufacturing facilities located in Canada, USA, Germany, France and South Africa and its well-known brands of inspection/finishing solutions include VSI, HIS, HLI, VLI and VLIeDRIVE. Rotoflex has more than 4,000 machines installed globally. Val Rimas of Rotoflex calls the purchase “a game-changing development. This new ownership complements and enhances Rotoflex’s value proposition by bringing efficiencies to our operation to better respond to our customers and maintain a leading position in the market. We see a bright future with a solid foundation for success.”