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Synergies in Surfaces Finishing

Marcel Rossmann, Analyst

CGS has acquired two companies to lay the cornerstone for the Hummingbird Converting Solutions Group, a leading producer of printing machines designed for the decor and packaging industry. Thanks to its technological lead, the group is fully equipped for the future.

The market for decor and packaging printing is transforming and customer needs are changing. Smaller production volumes, faster time-to-market, and build-ondemand are the order of the day. These new demands cannot be met profitably with the conventional intaglio
printing method. 
CGS has laid the foundations for fully exploiting the potential of this market development by acquiring a majority stake in the German companies Rotodecor GmbH and PadaLuma Ink-Jet Solutions GmbH (Palis) and consolidating them to form Hummingbird Converting Solutions Group (HCS).

Ideal complementarity
Since its founding in 2003, Rotodecor has become a global market leader in the manufacturing of intaglio and varnishing machines and paper and film rotary die-cutters for decorative surfaces and packaging. Palis develops innovative digital printing machines for the same industries as Rotodecor.
The two companies are fully complementary: flexible, industrial digital printing boosts efficiency by increasing intaglio machines’ capacity to print products with a long life cycle. In addition, the digital printing machines reduce the group’s dependence on project business, as recurring revenues are generated by sales of these printers’ special printing inks. This ongoing income is guaranteed for the group independently of the economic cycle’s fluctuations.
 
Platform for further growth
Thomas Anderegg, Managing Partner at CGS, is convinced that “the merger of Rotodecor and Palis has created a group that offers an ideal foundation for further growth thanks to its technological lead and excellent reputation”. HCS will realize the synergies afforded by its complementary product portfolio and offer its customers in the global decor and packaging market individual solutions to stand their ground as technological leaders in the market.
 

Digital printing by Palis – top quality at full speed.

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