manroland makes a move on Wifag
Swiss newspaper press maker, Wifag, has caught manroland’s eye in expected takeover.
Manroland AG is currently negotiating the purchase of WIFAG AG, the Bern specialist for newspaper printing solutions. A letter of intent has been signed, with the deal to be agreed this spring.
Wifag has not been without its problems. Last fall, the company announced the reduction of 300 jobs and the search for a strategic business partner. With the sale to manroland, the company responds to the increasing consolidation pressure in the industry.
By integrating the press and service business, manroland AG rounds its product and service portfolio and sustainably strengthens its position in newspaper printing, and its regional presence. 
According to Gerd Finkbeiner, (pictured) CEO of manroland, the expected purchase will strengthen the company’s offering and portfolio. “Our industry is marked by an ongoing and necessary consolidation. The current situation allows us to actively grasp the opportunities in the market to strengthen our business,” he said.
