Following the planned takeover of Italian flexo press manufacturer Flexotecnica in February, KBA has now acquired a majority 85% share in Kammann Maschinenbau from private equity firm Perusa. The world's second-largest press manufacturer, KBA aims to expand its markets to counteract the shrinking sales volume of web presses for publications, heavily affected by the advance of online media.
Kammann, located in Bad Oeynhausen, Germany, mainly specialises in presses for decorating rigid containers made from glass, plastics and metal. Along with screen printing, its transport systems can also be equipped with hot stamping, digital printing and decorating processes. The company has a total of 175 employees. In 2012 it generated annual sales of over €30m ($39m) and posted a net profit.
Kammann's two managing directors will continue to hold a 15% stake in the business. All parties have agreed not to disclose any further details concerning the takeover.
