Nuova Gidue S.r.l. opens for business
Packaging and label printing press maker established after liquidation of Gidue S.p.A.; will make flexo, offset, digital presses for global market.
PRESS RELEASE -- Converting Magazine, 7/1/2009 12:22:00 PM
As previously announced in January 2009, Nuova Castagnoli, a producer of printing and converting machines for the label and packaging industry, proposed to GIDUE S.p.A. in Liquidazione to take the activities of GIDUE S.p.A. The proposal was subject to procedures which involved several legal authorities (Liquidators, Trade Unions, Court) and a certain time (6 months). Nuova Castagnoli S.r.l. announces that from June 18, 2009, the company is legally entitled, with the agreement of all the parties involved, to entirely use the brand, the website, the know how, the patents, the existing distribution contracts, and to hire part of the work force of GIDUE S.p.A.
Nuova Castagnoli S.r.l., based on these agreements will sell and manufacture the entire former GIDUE product line (Combat, Xpannd, Athena) and provide service to the over 320 GIDUE press installations worldwide. Nuova Castagnoli S.r.l. thank all the parties involved for the high sense of responsibility and for the professional attitude demonstrated during the evaluation and negotiation procedures, and wishes to the label and packaging market a prosperous future together.
Nuova Castagnoli S.r.l., a producer of printing and converting machines for the label and packaging industry, announces that the name will be changed to NUOVA GIDUE S.r.l. due to the recent agreements to take the former activities of GIDUE S.p.A. The change will be completed within 3 months, following the usual legal procedures.
NUOVA GIDUE S.r.l. will be manufacturing Flexographic, Offset and Digital presses for the label and packaging markets.
Italian pressmaker GIDUE ceases operations
01/08/2009Correction
09/30/2003Hybrid offset/flexo press
11/30/2008
