HEUBACH, GERMANY—  Plockmatic Group has signed an agreement to acquire ring wire binding machines and supplies producer Renz. Renz has clients in more than 80 countries. The company manufactures ring wire binding machines for the professional and office segments, as well as the in-house production of premium quality wire binding consumables. During the Covid-19 pandemic, Renz entered into insolvency proceedings in March 2024. Plockmatic said it saw significant synergies with Renz within key areas such as sales, production, sourcing, and R&D, with an ambition to broaden its geographic footprint and “develop the next generation of automized professional ring wire binding equipment for calendar and book production”. Plockmatic is Swedish company that has been acquiring other bindery equipment manufactures including Morgana , Watkiss and Intec.