Friday, January 30, 2015

Acquisitions, Ima (packaging) takes control of Teknoweb … – Il Sole 24 Ore

Acquisitions, Ima (packaging) takes control of Teknoweb … – Il Sole 24 Ore

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This article was published on 30 January 2015 to 17:19 hours.

In less than two months from the maxi-acquisition with which encompassed five German companies of the group Oystar, Ima also assumes control of Teknoweb Converting, Cremona company that produces machines for packaging of wet wipes, disposable . A small operation – is worth six million Euros – to break through in a niche market but with great potential for development. The group of Ozzano, in Bolognese – one of the giants of the packaging Emilia – tip fact to favor production and commercial synergies with Ilapak, the Swiss subsidiary to 81% that produces packaging machines for packaging with the primary use of flexible material.
The entry in company Lombard with 60% of the shares is th e first step of an agreement that includes a purchase option: from 2018, for six years, Ima can be pointed in full now, buying 40% remained in the hands of Teknoweb. “A strategic operation,” says President and CEO of IMA Group, Alberto Vacchi. The small company of Cremona, which closed 2014 with a turnover of 12 million euro, enters the orbit Ima to complement the participatory Ilapak and acquire shares of a booming market. Market, adds Vacchi, “involves the search for efficiencies in the reference field and the need for the customer to integrate the various technologies present within the production line. And it is our interest to contribute to the development of companies that are part of our group, creating synergies both internally and through targeted acquisitions. “
The purchase, signed by a deposit of 1.2 million, will be completed by the end of February. Another stage in the expansion plan of the Bologna group, with over 3,700 employees, of which about 1,500 abroad, uses a network of 24 plants in Italy, Switzerland, United Kingdom, United States, India and China. With the acquisition of German companies in the group Oystar stood on the world market as the second player in packaging for the food industry, one of the areas in which it operates, along with cosmetics, pharmaceuticals, tea and coffee. About a year from increased participation in Ilapak, in the wake of the results achieved by the Swiss group, Teknoweb becomes the main ally for productive integration projects. With a turnover of 850 million Euros Ima (publicly traded) is present in 80 countries: an international dimension supported by a sales network consisting of 27 branches. Over 90% of turnover comes from exports.



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