BOBST’s stake in CITO Group has increased to 90%. This follows the retirement of CITO’s Managing Director Jürgen Mariën, who has sold his remaining shares to BOBST. BOBST first acquired a majority shareholding of 51% in CITO GROUP in 2020.
CITO will continue to run independently, led by members of its existing leadership team. 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 René Seick, Director of Technology.
Left to right, René Seick, Oliver Kellermann, Thomas Gerner.
“This evolution will be seamless, with no disruption to the way CITO is run or to the provision of its high standard of quality, consistency and services,” said Alex Volery, Tooling Division Director, BOBST. “For BOBST, CITO and our customers, this strengthened collaboration is 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.”
