GapCon acquires stake in Kresta paper, St. Polten

20 February 2015

GapCon acquires shares in Kresta paper GmbH.

KRESTA paper GmbH was founded in February 2014, in St. Poelten, Austria and today employs a complement of approximately 40 specialists of many years experience boasting an extensive knowledge of all aspects paper machine technology including planning, automation and process technology. Following on from today's announcement Kresta paper GmbH will be rebadged as GapCon paper GmbH and will become an independent member of the GapCon group, itself a subsidiary of the IRLE DEUZ group (Germany).

Established in 2006 the GapCon group offers a comprehensive array of services across all aspects of paper machine technology from sales, engineering and manufacture to rebuilds, relocations and complete turn-key project delivery. Striving always to meet and exceed customer needs GapCon has pursued a robust growth strategy opening or acquiring bases in Italy, India and China. GapCon has earned a reputation in the industry for delivering high quality, customer focused solutions. Our highly motivated, experienced and competent team work with our customers to meet their exact requirements. Recent successful completion of extensive rebuild, relocation and complete paper machine projects have demonstrated GapCon's industry leading expertise in this field.

The acquisition by GapCon of shares in Kresta paper GmbH will galvanize GapCon'a position as a growing force in the paper machine business, meeting and exceeding our customers needs on a global scale.


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