Koenig & Bauer to Buy Chinese Printing Machine Maker

Koenig & Bauer AG (SKB) plans to buy a majority stake in a Chinese sheet-fed printing-machine maker by the end of the year, Financial Times Deutschland said, citing an interview with Chief Executive Officer Claus Bolza-Schuenemann.

Bolza-Schuenemann, who declined to name the Chinese company, said he sees potential to optimize the machines without making them into "high-end German" devices, the newspaper said. Koenig & Bauer, which gets about 15 percent to 20 percent of sales from China, doesn't yet have a factory in the country, FTD said.