Plockmatic Group acquires Renz
Plockmatic Group has signed an agreement to acquire ring wire binding machines and supplies producer Renz.
Known legally as Chr. Renz GmbH, the acquisition of the German company, founded in 1908 and headquartered in Heubach, also includes its subsidiaries in the UK as well as Australia, Argentina, and Turkey.
Plockmatic said it saw the deal as an opportunity to enter into the space Renz operates in, which it said was a natural complement to its existing offering.
The group said it saw significant synergies with Renz within key areas such as sales, production, sourcing, and R&D, with an ambition to broaden its geographic footprint and “develop the next generation of automised professional ring wire binding equipment for calendar and book production”.