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Multivac Group acquires a majority stake in Italianpack
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Wednesday, 14 August, 2024, 08 : 00 AM [IST]
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Wolfertschwenden, Germany
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On July 17, 2024, the Multivac Group acquired an 80% majority stake in Italianpack S.p.A., a manufacturer of automatic and semi-automatic packaging machines head-quartered in Como, Italy. It will be incorporated into the organisation as a new Business Unit under the leadership of Tomaso Petrini, CEO of Italianpack.
Christian Traumann, president and CEO of the Multivac Group, said, "This acquisition expands our portfolio in traysealers in the bottom and medium price segments, in fillers and in peripheral equipment such as denesters and lid depositors. These new solutions will allow us to cater to customer needs more effectively in future."
Petrini said, "Having already collaborated successfully in recent years, we are now looking forward to better utilising our strengths to benefit our customers and to expanding our business activities as part of the Multivac Group."
Italianpack uses an independent dealer network to reach its customers from small and medium-sized companies, which will also take over future sales for Italianpack solutions. At the same time, the MULTIVAC subsidiaries will also take over sales in the MULTIVAC portfolios. "The merger enables us to strengthen our current position on the market and achieve greater market coverage as a group," concluded Traumann.
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