Rako merger forms global giant

Rako, X-label and Baumgarten signed a merger agreement in order to form a new global label and packaging giant. The newly established group stretches around the world from Latin America through Europe to Asia.

Toghether they have 30 production sites, more than 3000 employees, more than 2000 customers and a turnover of higher than USD 500 million. Currently the merger is under review by German Cartel Office and closing of the transaction is to be expected later this year. The Headquarters of the new group will be located in Witzhave near Hamburg, Germany.

Matthias Kurtz (Supply Chain), Adrian Tippenhauer (Sales & Business Development), Tim Fiedler (Finance) and Jan Oberbeck (Sales & Business Development) will serve as Co-CEO┬┤s of the new founded group.

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