Plockmatic Group has signed an agreement to acquire Renz, a producer of ring wire comb binding machines and supplies headquartered in Heubach, Germany.
Founded in 1908, Renz has clients in more than 80 countries. Its offerings include development and production of ring wire binding machines for the professional and office segments, as well as in-house production of premium quality wire binding consumables.
The agreement includes its subsidiaries in Australia, Argentina, UK and Turkey, and enables Plockmatic Group to enter the ring wire binding segment – a space it says is a “natural complement” to its existing offerings.
Plockmatic Group also sees significant synergies with Renz within key areas such as sales, production, sourcing and R&D, with the ambition to broaden its geographic footprint and develop the next generation of automised professional ring wire comb binding equipment for calendar and book production.
The move follows Renz going into insolvency in 2024 after facing significant hardships during the COVID-19 pandemic. The insolvency process is expected to be finalised during Q3 2025 and closing of the transaction is expected to take place in connection with this.
“The acquisition of Renz will be a great opportunity for Plockmatic Group, where we see several opportunities and synergies between our organisations, and to further expand our value proposition as solution provider to our customers,” Plockmatic Group CEO Jan Marstorp said.
“With Renz becoming a part of Plockmatic Group, we will also get a strong and local sales organisation in Germany, which we have identified as an important growth market for Plockmatic Group going forward.”
Michael Schubert, CEO of Renz, said, “Becoming part of Plockmatic Group and finding a long-term solution for Renz, following some very challenging years, make us look at the future with confidence again.
“With the insolvency proceedings behind us and access to Plockmatic Group´s resources we will now be able to invest in new products and continue long-term partnerships with our customers and suppliers.”
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