MULTIVAC has signed a cooperation agreement with packaging machine manufacturer Italianpack, expanding its product portfolio in the tray sealer category. MULTIVAC has a three-year purchase option on 25.1% of the shares in Italianpack.
With this cooperation, MULTIVAC is taking a strategically important step towards expanding its portfolio in the traysealer category. Italianpack, founded in 1988 in Como, Italy, is a growing manufacturer of tray sealers with high quality and performance standards, distributing its products worldwide both directly and through a network of dealers. The company employs around 70 people and achieved a turnover of €13.7 million in 2020.
"Italianpack has been successful on the market for many years. We look forward to cooperating in the tray sealer category and we hope to be able to use our strengths to the full for the benefit of our customers," declare Christian Traumann, Managing Director of MULTIVAC and Tomaso Petrini, CEO of Italianpack.
As part of the cooperation, they intend to start distributing the smaller model series of Italianpack's tray sealers via MULTIVAC's worldwide distribution and service network. With its more than 85 subsidiaries and market coverage of 165 countries, MULTIVAC can contribute to the successful sale of Italianpack tray sealers worldwide. Both companies are convinced that this will enable them to be an even better partner for their existing customers.
MULTIVAC is one of the world's leading suppliers of packaging solutions for all types of food products, life science products, healthcare products and industrial goods. The MULTIVAC portfolio meets almost all requirements of processors in terms of packaging design, performance and resource efficiency. It includes various packaging technologies as well as automation solutions, labelling and quality control systems.
The MULTIVAC group employs around 6,700 people worldwide. Around 2,300 employees work at the Wolfertschwenden headquarters. With more than 85 subsidiaries, the company is represented on all continents. More than 1,000 consultants and service technicians from all over the world put their knowledge and experience at the service of customers and ensure maximum availability of all installed MULTIVAC machines.