Glunz & Jensen A/S Acquires K&F International Inc.
Press release from the issuing company
Granger, Indiana – Glunz & Jensen A/S of Ringsted Denmark and K & F International, Inc of Granger, Indiana are pleased to announce the completion of the acquisition of K & F International, Inc. by Glunz & Jensen A/S. Through this acquisition Glunz & Jensen will broaden its prepress equipment strategy with the addition of K&F’s Plate Automation technologies including plate punch/bending, and plate transport systems. The acquisition also expands Glunz & Jensen’s product strategy into press register systems through K&F’s plate lockup technologies and web reduction expertise for Presses used by newspapers, commercial printers and reprographic houses. The new name of the company will be Glunz & Jensen K&F, Inc. and will be structured as a wholly owned subsidiary of Glunz & Jensen A/S. The new name merges two companies well known and respected for their commitment to quality, reliability and pride in serving the Graphic Arts industry.
Rene Barington, Managing Director of Glunz & Jensen A/S announced that Thomas Kocsis has been named President of the new company and has appointed a new Board of Directors consisting of Rene Barington, Ole Beiring, Finance Manager for Glunz & Jensen A/S, Ole Noerklit, Technical Director of Glunz & Jensen A/S and Bruce Goodwin, President of Glunz & Jensen, Inc. Glunz & Jensen plans to continue K&F’s Granger, Indiana operations including Production, Sales, Service and Administrative functions.,
“We are thrilled with the acquisition”, said Thomas Kocsis, President of Glunz & Jensen K&F, Inc. “It’s a win-win situation for both companies. K&F’s product line will expand Glunz & Jensen’s role in the graphic arts industry while Glunz & Jensen will greatly strengthen K&F’s ability to produce current pre-press and press registration equipment, and to develop new and innovative products. Our customers can continue to count on K&F to produce quality products, and make on-time deliveries. We look forward to strengthening our position in the market place and providing quality equipment world wide.”
“The strategy of Glunz & Jensen includes the addition of new business areas that complement our existing business”, said Rene Barington, Managing Director of Glunz & Jensen. “We see this acquisition as an important result of this strategy as it expands our prepress offering and brings us closer to the press. We see great opportunities within the newspaper markets for K&F’s quality punch/bend equipment, and we believe that through the combination with Glunz & Jensen, we can enhance their position as a reliable partner and supplier worldwide.”
“K&F is a well known and respected Supplier of Plate Automation technology to the Graphic Arts industry and we look forward to working with them in creating innovative new products and technologies for the global Prepress market.” said Bruce Goodwin, President of Glunz & Jensen, Inc. Alex Kocsis and Rudy Fermi founded K&F International, Inc. over 35 years ago and the Kocsis family has been the majority shareholders of K&F until the acquisition by Glunz & Jensen. K&F is well recognized as an innovative leader in pre-press plate production and plate registration equipment.
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