Bobst and Wifag-Polytype have entered into exclusive negotiations regarding a potential acquisition of the latter’s coating technology business.
The move is part of Bobst’s strategy to drive and 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.
About WIFAG-Polytype Group Wifag-Polytype Group is a privately owned international engineering and manufacturing company with its headquarters in Fribourg, Switzerland. The group is a market leader in the production of printing machines for plastic containers and tubes and metal packaging equipment as well as in the development of high-precision coating and laminating equipment and process solutions for the production of multilayer films and papers. WIFAG-Polytype Group maintains sites in Asia, USA and Europe and employs over 800 people worldwide.