Equipment producer Waldorf Technik GmbH & Co. KG has rewarded two officials by making them only the third and fourth executives to be shareholders in the Engen-based firm.
Andrew Sargisson, in charge of export sales, and Chistian Boos, the firm's director of engineering, took undisclosed stakes in Waldorf, effective Jan. 1. That “lets them share in the success of the company,” said Taras Konowal, president of U.S. subsidiary Waldorf Technik Inc. of St. Charles, Ill., in a telephone interview.
“My task was to increase market penetration with the global players in the healthcare and packaging sectors,” Sargisson stated in a news release. Boos said Waldorf's success is partly due to its high level of technical solutions and the ability to deliver full qualification protocol in the health-care sector.
The company has been growing at a double-digit rate in recent years, Managing Director Wolfgang Czizegg said in a release.
Waldorf specializes in automation for high-volume plastic medical disposables and in packaging, particularly in-mold labeling and high-speed part removal.