Bobst Group – Exclusive negotiations with Wifag-Polytype
SWITZERLAND • Bobst Group have entered into exclusive negotiations regarding a potential acquisition of Wifag-Polytype’s coating technology business. The proposed transaction is subject to the parties reaching a definitive agreement, with the closing of the transaction expected to occur at the end of the second quarter of 2016. Even if a definitive agreement is reached, the transaction may be subject to customary regulatory approvals and potentially other conditions. There is no assurance, however, that any definitive agreement will be reached or that the closing of the contemplated transaction will occur.
Wifag-Polytype Group is a privately owned international engineering and manufacturing company with its headquarters in Fribourg. The group is active in the production of printing machines for plastic containers and tubes and metal packaging equipment as well as in the development of high-precision coating and laminating equipment and process solutions for the production of multilayer films and papers. Wifag-Polytype Group maintains sites in Asia, USA and Europe and employs over 800 people worldwide.