Glunz & Jensen adds that the acquisition also increases the depth and breadth of its product portfolio adding that Degraf specialises in the packaging industry globally, a division which is expected to continue to grow in the future.

Keld Thorsen, CEO of Glunz & Jensen says, “We have for some time looked for opportunities to expand our business through acquisitions. With the acquisition of Degraf we have added new dimensions to our business and we expect excellent growth and development possibilities especially in relation to print on packaging.

“This is also our first investment in maintaining our leading position in our business area.”

A statement from Glunz & Jensen outlines that its strategy is to expand the business in the graphics industry and benefit from the strong competencies in product development, supply and distribution – especially in the new growing areas.

The statement continues, “Flexo printing is a growing business, and the processes surrounding the production and sale of flexo plates are very similar to the way the company does business in the offset prepress area.”

Thorsen also says that with the acquisition of Degraf, Glunz & Jensen can achieve great optimisation using the same sales and distribution channels, and after a period of transition it is expected the company will be able to reduce costs and increase sales.

He says, “The two companies are also expected to benefit from each others’ strategic alliances in relation to both dealers and OEM networks. So after a couple of tough years where we’ve been hit by the crisis, the future looks brighter for Glunz & Jensen.”

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