Goss International said Shanghai Electric (Group) Corp. completed its investment in the press and postpress vendor, in the process becoming Goss’ second-largest shareholder.
No financial details were disclosed.
SEG in June said it would increase its stake in Goss under terms of an agreement with MatlinPatterson Global Opportunities Partners, Goss’ majority shareholder.
“Shanghai Electric has substantial resources and is focused on world-class industrial equipment manufacturing,” said Goss CEO Jochen Meissner. “Their investment should send a strong signal to printers and publishers regarding our strength, stability and long-term capacity to deliver value.
“We look forward to new opportunities to innovate and execute together through our unique worldwide platform that will include significant manufacturing operations in America, Asia and Europe.”
Goss and Shanghai Electric are longstanding partners, having created the joint-venture company Shanghai Goss Graphic Systems in 1993. The company, operated in China by SEC subsidiary Shanghai Electric Printing and Packaging Machinery Group, produces several web press models for the global market.
Monday, September 28, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment