Bobst Group and Gary Tseng, the owner of Gordon Ltd, the Hong Kong based holding company of Shanghai Eternal Machinery Co. Ltd., have closed their agreement of 7 October 2010 by which Bobst Group acquires 65% of Gordon Ltd.

Gary Tseng will stay shareholder for the remaining stake of 35%, President of the Board of Directors and Managing Director of Gordon Ltd.

The Bobst and Eterna product ranges have a high degree of complementarity, and the two companies will each continue to develop technologically advanced products and services that answer the business needs of their respective customers. The brand identities, management teams, sales and service organizations of both companies will remain separate, thus ensuring continuity in the relationships between customer, Bobst and Eterna.