Mex, Switzerland\u2014Long-term CITO leadership team members Oliver Kellermann and Thomas Gerner will act as joint Managing Directors. Company will continue to operate independently.<\/p>\n\n\n\n
BOBST\u2019s stake in CITO GROUP \u2013 one of the world\u2019s market leaders in the field of creasing technology \u2013 has increased to 90%. This follows the retirement of CITO Managing Director J\u00fcrgen Mari\u00ebn, who has sold his remaining shares to BOBST. BOBST first acquired a majority shareholding of 51% in CITO GROUP in 2020.<\/p>\n\n\n\n
CITO is well known for providing an extensive range of components for the converting and die-making industries with expertise in paper, cardboard, and corrugated board. CITO\u2019s unique offering of consumables and services are now fully part of the BOBST portfolio.<\/p>\n\n\n\n
CITO will continue to run independently, led by members of its existing leadership team. Long-term Director of Sales and R&D Oliver Kellermann has been appointed co-Managing Director alongside existing co-Managing Director Thomas Gerner. They will continue to manage and oversee the day-to-day running of the company alongside Ren\u00e9 Seick, Director of Technology.<\/p>\n\n\n\n
\u201cThis evolution will be completely seamless, with no disruption to the way CITO is run or to the provision of its very high standard of quality, consistency and services,\u201d said Alex Volery, Tooling Division Director at BOBST. \u201cFor BOBST, CITO and our customers, this strengthened collaboration is very exciting, with two of the leading suppliers in the packaging and tooling industries working hand in hand. This allows even more co-development of innovative products, deeper connections between our two R&D departments, and ultimately even more value delivered for our customers. I am very excited to see what else we can achieve together.\u201d<\/p>\n\n\n\n