Page 24 - PWM2024_May EBook

NEWS GLOBAL

IN BRIEF Koenig & Bauer Durst

Celloglas has filed a Notice
of Intention to Appoint
Administrators (NOI) with a hires Benjamin Bösch
buyer said to be in the
wings for its business and
assets. The NOI was filed
yesterday (29 April) by Benjamin Bösch has been Having originally trained
solicitors Blake Morgan, appointed to a newly created at Stuttgart Media
with three insolvency role of Sales Director for University, Benjamin began
practitioners from RSM UK Restructuring in Manchester set Koenig & Bauer Durst, a
to be appointed by Celloglas’ directors. Celloglas sales global market leader of single his working life in project
director Steve Middleton told Printweek the NOI was a pro- pass digital sheet-fed press management before moving
cedure related to the upcoming sale: “We have a preferred over to sales roles 14 years
offer from a third party and this is the prelude to the deal systems and software systems
being completed in the near future,” he said. Celloglas for the folding carton and Textile transfer printing solution ago. With more than 25
operates from three sites in Reading, Leeds and Leicester corrugated industry, in a stra- years’ experience in the
and employs 77 staff. Its business and assets were put up for tegic move to capitalize on Koenig & Bauer organiza- printing and packaging
sale earlier this month, in a fast-track process that appeared growing folding carton and tions. His wide remit will industry, Benjamin joins
likely to involve some form of administration. It said corrugated markets that are involve working closely with
Celloglas had sales of £9.8m in calendar year 2023 and ripe for digital transforma- existing customers and sales Koenig & Bauer Durst from
made a net loss of around £100,000. Landa where he had been
tion. teams and developing new
Macfarlane Group has Benjamin will be manag- sales strategies to add more regional manager for DACH.
marked 75 years of busi- ing territories and working value for Koenig & Bauer The K&B Durst portfolio
ness with celebrations closely with sales depart- Durst in corrugated and fold- includes the CorruJET and
amongst its staff across the ing carton markets.
UK and Europe. The pack- ments within the Durst & Delta SPC 130 systems.
aging company was
founded on 26 April 1949 Flint Group leadership
by the late Lord Macfarlane. From a small office in Glasgow,
Macfarlane Group has grown significantly over the decades
and today supplies more than 600,000 product lines to Following the successful as Chief Executive Officer new Board appointed and at
20,000 industrial and retail customers. It has 1,700 suppli- completion of Flint Group’s executing Flint’s successful a time of strong operational
ers and employs over 1,000 people across its 40 sites, prin- debt restructuring last strategy closely supported by performance, I believe it’s
cipally in the UK, as well as in Ireland, Germany, and the the right moment to hand
Netherlands and is listed on the main London Stock September and the estab- the Board of Directors and
Exchange. Macfarlane Group CEO Peter Atkinson said: “We lishment of a new Board of the Executive Committee. over to the person who will
are excited to reach this significant anniversary in the com- Directors, Steve Dryden has “Leading this company lead the business through its
pany’s history and we wanted to celebrate this date with next chapter,” said Steve
our valued colleagues. “We would also like to thank our informed the Board of his through the challenges of a Dryden.
thousands of customers and suppliers for the trust they intention to leave Flint restructuring and change in Jason Clarke, Chairman of
place in us and for their continued support.” Group effective later this ownership has been a privi- Flint Group, said, “On
year. The Board will make a lege. I’m extremely proud of behalf of the Board, I would
Authorities in the US have further announcement what we have accomplished
responded to Kodak’s call like to thank Steve for his
for tariffs to be levied on regarding a successor to together, despite the head- leadership and dedication to
certain imported printing Steve in due course. In the winds that we faced in these Flint Group and its stake-
plates, with a preliminary meantime Steve will con- past years. With the restruc- holders during a period of
decision to impose hefty tinue to perform his duties turing process complete, a
duties on plates from change.”
Japan and China. In the
autumn of 2023 Kodak called for the tariffs citing “unfairly BOBST Application Management
low prices” that significantly undercut pricing in Kodak’s
domestic market. Kodak is the last remaining manufac-
turer of aluminium plates in the States. Preliminary find-
ings from the US Department of Commerce state that com- BOBST Application ization, automation, connec-
bined countervailing duties and anti-dumping duties Management is a hands-on tivity and sustainability.
should be applied to plates manufactured in China for innovative consulting service “With over 130 years of
Fujifilm of 102.07%; and for all other manufacturers of from BOBST, which can be
171.12%. Plates made by Fujifilm in Japan have been hand- leadership in the packaging
ed a preliminary dumping duty of 87.81%. In a letter to scaled to the specific needs of industry, BOBST is much
customers, Kodak chairman and CEO Jim Continenza said converters and brand own- more than a manufacturer of
the Department of Commerce had determined that Chinese ers. A new hands-on service
and Japanese manufacturers had been “dumping” plates T h r ou g h B O BS T value chain. machines, we are industry
into the United States “at a price that is below that pro- Application Management, Application Management experts and thought leaders
ducer’s sales price in the country of origin (for plates from and can offer significant
Japan) or at a price that is lower than the cost of production customers can receive guid- is the latest major initiative to
(for plates from China).” Import statistics cited by the US ance on technologies, raw help BOBST fulfil its vision to insight and counsel to our
trade authorities state that the value of printing plates materials, sustainability, pro- shape the future of the pack- customers,” said Xavier
imported into the US from Japan nearly doubled in 2022, to cesses, and business cases aging world for its customers, Bonamour, BOBST
just under $88m (£70m). along the entire packaging based on the pillars of digital- Application Manager.

22 PrintWeek MENA May 2024 www.printweekmena.com