INDUSTRY CALENDAR MAY 22 TAPPI Trade Fair: Hyatt Rosemont, Chicago Illinois. MAY 22-24 AICC Packaging Xperience: Hyatt Rosemont, Chicago Illinois. JUNE 11-14 PPSA Safety and Health Conference: Renaissance Orlan- do at Seaworld, Florida.. JUNE 18-22 Fibre Box Association 2023 Annual Meeting, Fairmont Banff Springs, Alberta, Canada. JULY 11-13 AICC Southeast Summit 2023: Meadowview Marriott Resort, Kingsport, Tennessee.. AUGUST 28-30 TAPPI CorrExpo 2023: Huntington Convention Center- Cleveland, Ohio. SEPTEMBER 18-20 AICC 2023 Annual Meeting: Louisville, Kentucky. OCTOBER 25-27 PPC Fall Meeting & Leadership Conference: Rancho Bernardo Inn, San Diego, California.
Bobst Increases Stake In CITO Group By 90 Percent
Board Converting News® is published weekly by NV Business Publications, in association with Flexo Market News®, Interna- tional Paper Board Industry®, and Folding Carton Industry®. Editorial and Marketing office: PO Box 802, Manasquan, NJ 08736-0802. Subscription Rates in U.S. and Canada $223 per year or $355 for two years. Overseas rate per year $355 USD. Current issue single copies (pre-paid only) $8.50 in U.S. (else- where $9.50); add $5.00 per order for shipping & handling. No part of this publication may be transmitted or reproduced with- out written permission from the publisher. Mex, Switzerland based Bobst announced that it has in- creased its stake in CITO Group – one of the world’s mar- ket leaders in the field of creasing technology – by 90 percent. This follows the retirement of CITO Managing Di- rector Jürgen Mariën, who has sold his remaining shares. Bobst first acquired a majority shareholding of 51 percent in CITO Group in 2020. CITO is known for providing an extensive range of com- ponents for the converting and die-making industries with expertise in paper, cardboard, and corrugated board. CI- TO’s offering of consumables and services are now fully part of the Bobst portfolio. CITO will continue to run independently. Director of Sales and R&D Oliver Kellermann has been appointed co-Managing Director alongside existing co-Managing Di- rector Thomas Gerner. They will continue to manage and oversee the day-to-day running of the company alongside René Seick, Director of Technology. “For Bobst, CITO and our customers, this strengthened collaboration is very exciting," said Alex Volery, Tooling Division Director at Bobst. "This allows even more co-de- velopment of innovative products, deeper connections between our two R&D departments, and ultimately even more value delivered for our customers.”
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May 22, 2023
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