Home » Tetra Laval grows through acquisition
Tetra Laval grows through acquisition
03/03/2005The Tetra Laval Group and the SIG Group signed an agreement March 3 for the former to acquire SIG Simonazzi (filling equipment) and SIG Alfa (labeling equipment).
These two companies had combined sales of â¬ 320 million in 2004 and have approximately 1500 employees. The acquired companies will merge with Sidel, the industry group within Tetra Laval focused on plastic packaging equipment.
Through this acquisition, Sidel will be better positioned to respond to customers’ needs in the beverage-filling and labelling segments. By adding Simonazzi’s and Alfa’s equipment to Sidel’s product offering we will be able to provide our customers with a complete product portfolio, says Larry Pillard, Chairman of the Tetra Laval Group Board of Directors.
Simonazzi has been a leading brand of filling equipment for 150 years, offering a product line portfolio for Water, Carbonated Soft Drinks (CSD) and sensitive beverages - both hot fill as well as aseptic technologies. The acquisition of Simonazzi will also enable Sidel to enter into the glass and the canned beer market, and therefore offer additional opportunities for the beer industry, says Pillard.
The acquisition is conditional upon, among other things, regulatory approval.
United Fresh Produce Association Reports on 2013 Produce Industry Compensation
Produce industry executives see a 2.9 percent increase in salary according to the Compensation and Benefits Report released by the United Fresh Produce Association.
Lactalis American-Parmalat Deal Altered
Amidst investigation, $144 million cut in purchase price.
Compensation Study Reveals Food and Beverage Company CEO Pay
Irene Rosenfeld leads the food and beverage execs, as long-term, performance-based incentives replace upfront pay.
Murdock Offers to Take Dole Private, Again
Chairman/CEO’s offer values company at $1 billion.
New Management Team at Day-Lee Foods
Plan for aggressive growth.
PepsiCo-Muller Joint Venture Yogurt Plant Opens
Muller Quaker Dairy comes on line in Batavia, N.Y.; hoping for LEED certification.
JBS Acquires U.S. Operations of XL Foods
A running plant in Omaha, idle one in Nampa.
FDA Seeking New Industry User FeesFrom Special to ThePacker.com
Food manufacturers disagree with the FDA's suggestion to add a food processing facility registration fee.
Tyson Buys Mexican Food-Maker Circle Foods
The acquisition fortifies Tyson's value-added and Mexican portfolios.
Chinese Poultry Plant Fire Kills 119
Ammonia leak apparently sparked explosion.
- All news »
Access Food Processing and Wellness Foods magazines on-line and receive an e-mail each month when your new issue is ready. Subscribe Now »
Biweekly updates delivering feature articles, top industry news, company news, product announcements, technical issues and more. Subscribe Now »