02/02/2024
Exciting news from Rondo-Pak!
We are pleased to announce Körber has acquired a majority stake in our company, deepening our partnership and propelling us into a successful future together under the Körber brand. Körber and Rondo-Pak have had a close partnership in the form of a joint venture since 2015. This shift in ownership share reinforces our role in Körber's expansion in North America as it relates to pharmaceutical, biotech and medical device packaging materials.
For our packaging customers, we remain committed to delivering high-quality printing and converting solutions with a focus on GMP compliance, sustainability, anti-counterfeiting and packaging machine efficiencies. By bundling forces, we will continue to comprehensively be able to offer our packaging solutions on a global scale but more cohesively. The joint offering as well as the shared entrepreneurial mindset and strong customer focus contribute to the best conditions for a successful journey together and a unique customer experience. We're thrilled about the possibilities ahead.
For our marketing focused business segment, we will continue to provide you with high quality, quick turnaround collateral like we do today. This deepened partnership gives Rondo-Pak the resources to not only maintain these offerings but expand and enhance them.
We would like to emphasize that this development does not change our trusting cooperation. You will continue to receive the same quality and the same service from your regular day-to-day contacts. Tim Moreton will continue to be the CEO in North America for materials. Furthermore, the existing management team, sales team and day-to-day contacts remain in place to continue to provide you with the same high level of quality and service.
Tim Moreton, our CEO, shares our enthusiasm, stating, "We're happy to be part of the Körber ecosystem and look forward to contributing to its global solutions, creating a prosperous future for us all."
This is the beginning of an exciting new chapter for us, our clients and our partners.
Thank you for being part of our journey. We're excited about the vast opportunities ahead!