GERMANY – Food processing and packaging solutions provider, Multivac has acquired Fritsch Group, a German based manufacturer of bakery equipment and machines.
The deal expands Multivac’s range of solutions in the bakery industry including high-performance equipment and ground-breaking technology for dough forming and processing.
The acquisition complements Multivac’s wide portfolio of packaging solutions including packaging solutions for food, life science & healthcare products.
With the takeover of Fritsch Group, it is positioned to offer complete production lines from one source to the bakery industry as well.
“The takeover of Fritsch is another important step for Multivac in expanding our range of integrated solutions for processing and packaging food products,” said Christian Traumann, Director and Group CFO of Multivac.
“Thanks to the processing solutions from Fritsch, we will continue to extend our presence in the bakery industry, where we have already been able in recent years to implement some very challenging projects for automated packaging solutions.”
Founded in 1926, Fritsch produces small to industrial-scale equipment for bakery products customers in Germany and also in Russia, Poland, Great Britain and the USA.
As part of the transaction, Fritsch will become part of Multivac and will continue its business operations as usual.
The manufacture and development of Fritsch products will continue at its site in Markt Einersheim, where it also has a Technology Center featuring customer trials for new products and recipes.
The company’s products will be sold via Multivac’s worldwide sales and service network.
Multivac will appoint a management team to run the company, who will direct and develop the Fritsch Group as a stand-alone business.
“Fritsch is an industry leader in bakery equipment and has an excellent reputation in the market,” said Guido Spix, Director and Group CTO/COO of Multivac.
“Thanks primarily to the integration of Fritsch products in Multivac’s line solutions, we see great synergy potential, which will make a major contribution to the healthy development of Fritsch in future.”