Bobst Purchases Fischer & Krecke Shares

Dietrich Bernhard Grautoff, majority shareholder and chairman of the advisory board of Fischer & Krecke said, “My family sells off the company very reluctantly. After thorough consideration in the family circle we feel confident that a strategic connection with Bobst Group is the best solution to protect the future of the company. With this decision the future product development, securing of buying markets, and further enlargement of worldwide distribution, as well as the necessary funding can be most likely ensured. The shareholders and the members of the advisory board are convinced that they have found the best solution for employee job security and therefore, for the future of Fischer & Krecke. The production location in Bielefeld will not only be retained, it will even be strengthened by adding new activities.”