Plockmatic Group has signed an agreement to acquire German-based Renz, a global producer of ring wire comb binding machines and supplies, including its subsidiaries in Australia, Argentina, the UK, and Turkey.
The company said the acquisition is an opportunity to enter into the ring wire binding segment, which it said is a natural complement to Plockmatic’s existing offering.
Founded in 1908, Renz currently has clients in more than 80 countries, and has an offering that includes the development and production of ring wire binding machines for the professional and office segments, as well as in-house production of premium quality wire binding consumables.
“The acquisition of Renz will be a great opportunity for Plockmatic Group to further expand our value proposition as a solutions provider to our customers,” said Jan Marstorp, CEO of Plockmatic Group.
“With Renz becoming a part of Plockmatic Group, we will also get a strong and local sales organisation in Germany, which we have identified as an important growth market for the Group going forward.”
Following significant hardships during the Covid-19 pandemic, Renz was forced into insolvency proceedings in 2024. The insolvency process is expected to be finalised during Q3 2025, and closing of the transaction is expected to take place in connection with this.
Michael Schubert, CEO of Renz, expresses happiness and relief about joining forces with Plockmatic.
“Becoming part of Plockmatic Group and finding a long-term solution for Renz, following some very challenging years, make us look at the future with confidence again,” Schubert added.
“With the insolvency proceedings behind us and access to Plockmatic Group´s resources, we will now be able to invest in new products and continue long-term partnerships with our customers and suppliers”.
Plockmatic Group sees significant synergies with Renz within key areas such as sales, production, sourcing and R&D.
With this acquisition, the Group aims to broaden its geographic footprint and develop the next generation of automised professional ring wire binding equipment for calendar and book production.
