10.21.14
Wink, a German manufacturer of diecutting tools, will be taking over FST on November 1, 2014. It intends to make ongoing investments in the Simmerath site in order to create a "Center of Excellence” for cylinders.
With this acquisition, Wink is continuing its strategy for international growth and expanding into related market segments beyond labels.
Wink, which was established in 1989, has built its reputation on flexible dies, cylinders, and steel rule dies. It hopes to further strengthen its market position with the FST acquisition.
“Following the successful expansion of our flexible dies department, we now want to strengthen the cylinder department and thus continue our strategy for international growth," explains Alan de Natris, the Wink Managing Director. "In FST, we have found the ideal addition, both in terms of technology and staff. We feel like we have been connected with FST for years already thanks to our various collaborations. We know and respect the staff, their philosophy of customer proximity, and the outstanding quality of their products.”
Karl-Heinz Röder expressed delight on behalf of the FST shareholders: “We were very keen to arrange a sound succession plan in good time to make sure FST GmbH and its employees remain in good hands. In Wink, we have found the perfect new owner who will be able to safeguard and expand the Simmerath site in the long term.”
The takeover is designed to bring a host of benefits to both companies’ customers, including access to an even wider range of products from a single source, faster lead times, and further optimization of quality.
“Furthermore, the takeover will help us create completely new possibilities for developing customized designs and special cutting solutions," explains Fransz Verbeek, Head of Wink Product Management and future Plant Manager of the Simmerath site.
With this acquisition, Wink is continuing its strategy for international growth and expanding into related market segments beyond labels.
Wink, which was established in 1989, has built its reputation on flexible dies, cylinders, and steel rule dies. It hopes to further strengthen its market position with the FST acquisition.
“Following the successful expansion of our flexible dies department, we now want to strengthen the cylinder department and thus continue our strategy for international growth," explains Alan de Natris, the Wink Managing Director. "In FST, we have found the ideal addition, both in terms of technology and staff. We feel like we have been connected with FST for years already thanks to our various collaborations. We know and respect the staff, their philosophy of customer proximity, and the outstanding quality of their products.”
Karl-Heinz Röder expressed delight on behalf of the FST shareholders: “We were very keen to arrange a sound succession plan in good time to make sure FST GmbH and its employees remain in good hands. In Wink, we have found the perfect new owner who will be able to safeguard and expand the Simmerath site in the long term.”
The takeover is designed to bring a host of benefits to both companies’ customers, including access to an even wider range of products from a single source, faster lead times, and further optimization of quality.
“Furthermore, the takeover will help us create completely new possibilities for developing customized designs and special cutting solutions," explains Fransz Verbeek, Head of Wink Product Management and future Plant Manager of the Simmerath site.