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MAN Roland subsidiary MABEG has a new owner

Monday, December 08, 2003

Press release from the issuing company

December 5, 2003 -- In the course of a management buyout, MAN Roland Druckmaschinen AG has sold its erstwhile subsidiary company MABEG Maschinenbau GmbH & Co. KG, Mörfelden-Walldorf, Germany to MABEG’s Managing Director Dr.-Ing. Jochem Tietze. The transaction took effect on December 1, 2003 and both companies fully intend to continue their close and successful cooperation. Dr.-Ing. Jochem Tietze, up till now managing director of MABEG Maschinenbau GmbH & Co. KG, is now the new owner of the company. The MABEG company had belonged to MAN Roland Druckmaschinen AG for more than 12 years, and this sale to the new owner Dr. Jochem Tietze will safeguard the company’s future and ensure that the business relationships developed over decades with customers and suppliers will continue. This sees a successful conclusion to a long restructuring process of MABEG and its affiliated company Spiess conducted under the guidance of MAN Roland. In the course of this, the feeder business for MAN Roland sheetfed presses was transferred from MABEG to MAN Roland already in the middle of the nineties and thus MABEG gained full independence at an early stage and was able to prove its value to the printing industry with the remaining product line. With a staff of 70 people, MABEG has annual sales of around EUR 10 million. Moving forward together “The objective of the restructured MABEG company is to build on established relationships and maintain our position as a dependable partner to the printing industry”, reports Dr. Jochem Tietze. There is to be no change to the well-known brands MABEG and Spiess. A clear signal that the close cooperation with MAN Roland will continue in the future is the fact that Dr. Ingo Koch, member of the Management Board of MAN Roland Druckmaschinen AG, will continue as chairman of the MABEG Advisory Board.




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