Finishing equipment manufacturer Plockmatic Group has signed an agreement to acquire Renz, a German company specialising in ring wire binding machines and supplies.
Headquartered in Heubach, Renz was founded in 1908 and exports its products to over 80 countries. Its portfolio includes binding machines for both professional and office use, along with in-house production of binding consumables.
The acquisition follows a period of financial hardship for Renz, which entered insolvency proceedings in 2024 after struggling through the impacts of the COVID-19 pandemic. The insolvency process is expected to conclude in the third quarter of 2025, at which point the transaction will be finalised.
Plockmatic Group CEO Jan Marstorp described the acquisition as a strategic move to strengthen the company’s offering and expand in the German market. “We see several opportunities and synergies between our organisations,” said Mr Marstorp. “Germany is an important growth market for us, and Renz brings a strong local sales presence.”
Renz CEO Michael Schubert welcomed the agreement, citing it as a path to stability after a challenging period. “Joining Plockmatic provides a long-term solution for Renz,” Mr Schubert said. “With access to new resources, we’ll be able to invest in product development and maintain our partnerships with customers and suppliers.”
