Plockmatic Group has signed an agreement to acquire German-based Renz, a global producer of ring wire comb binding machines and supplies. The agreement includes acquisition of its subsidiary companies in Australia, Argentina, the UK and Turkey, through which Renz has developed a client base that spans more than 80 different countries.
The acquisition of Renz will also give Plockmatic Group a strong footprint in Germany
Founded in 1908, Renz has a strong history of 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. But the company struggled during the COVID-19 pandemic and field for insolvency in 2024, a process which is expected to be finalised in Q3 of this year.
Swedish-based Plockmatic Group, itself a global supplier of finishing solutions to the print and mailing businesses for over 5 decades, sees significant synergies with Renz within key areas such as sales, production, sourcing and R&D, with the ambition to further broaden its geographic footprint and develop the next generation of automised professional ring wire comb binding equipment for calendar and book production.
Plockmatic Group CEO Jan MarstorpJan Marstorp, Plockmatic Group CEO, says: “The space Renz operates in is a natural complement to our existing offerings. The acquisition will also leave us with a strong and local sales organisation in Germany, which we have identified as an important growth market for Plockmatic Group going forward.”
Plockmatic already has solid experience in successfully acquiring and integrating companies, with the prior acquisition of UK-based Morgana Systems in 2013 and Italian-based KGS srl three years later, helping to expand its product base to include creasers, folders, cutters and binding solutions optimized for digital workflows. The combination of these companies also brought a worldwide network of established dealers.
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.”
