Durst acquires majority stake in Vanguard
Published: 1 October 2020 | No comments yet
Durst North America president Tim Saur: 'both companies are a perfect match.’
Durst, a European manufacturer of digital printing and production technologies, is strengthening its position in the US graphics industry with the acquisition of a majority stake in Vanguard Digital Printing Systems.
Headquartered in Lawrenceville, Georgia, Vanguard is a manufacturer of printing systems for the signage, decoration, corporate, industrial and packaging sectors. With the acquisition, Durst adds new printer classes to its large format portfolio, while Vanguard now has access to a global distribution and service network, and enhanced technical resources.
Durst North America president Tim Saur said, ‘Vanguard Digital Printing Systems is a rapidly growing and very successful company in a customer segment in which we are currently not active. Through the combination of high-quality products, a strong management team and absolute customer orientation, both companies are a perfect match.’
As part of the agreement, the new company will operate as Vanguard Durst Digital Printing Systems with effect from 1 October, 2020. David Cich remains CEO while Jim Peterson continues to serve as vice president of sales.
Mr Cich commented, ‘It is with great humbleness and excitement that Vanguard Digital will now be a part of the world class industry leading Durst Group. Becoming part of the Durst Group Family, provides Vanguard Digital the opportunity to expand its portfolio of innovative market leading UV Printers to the entire world.’
Durst Group CEO, and co-owner, Christoph Gamper, said, ‘Vanguard’s printing systems have rightly achieved rapid growth and high customer acceptance in the North American market. Despite the global pandemic, we are positioning ourselves for the long term and are determined to invest in the large-format graphics market. In addition, with our technical expertise, Vanguard will continue to ensure that its products and services are industry-leading and a wider customer base will understand what it is like to be part of the Durst family.’