GERMANY – Multivac Sepp Haggenmüller SE & Co, a leading suppliers of integrated packaging solutions, has acquired portion machines supplier TVI Entwicklung und Produktion for an undisclosed sum.
TVI Entwicklung und Produktion, which is the market leader in portioning machines, has a production site in Bayern where it employs more than 121 employees.
The company which is estimated to have annual revenues of more than US$35 million has been part of the Multivac Group since 2017.
Its product range includes solutions for tempering, freezing, pressing, portioning, and automating, as well as for winding grill sticks and producing kebab skewers.
Christian Traumann, joint group president of Multivac, notes that the acquisition of TVI underlines the strategic importance of TVI within the group.
“The company is an essential component for the further alignment of Multivac as a complete supplier of packaging and processing solutions,” he added.
Following the acquisition, TVI will continue operating as an autonomous company within the Multivac Group.
It will however be led by a new managing director as Thomas Völkl resigned from his role as managing director and company partner of TVI Entwicklung und Produktion on 31 December.
Smurfit Kappa expands in Brazil
Meanwhile, European packaging company Smurfit Kappa has announced plans to invest US$33 million in the expansion of its Fortaleza, Brazil, production facility.
The investment will expand the site’s capacity, in order to meet the growing demand for innovative and sustainable packaging.
The project will include the installation of a new corrugator. Several high-end printers will also be installed in order to provide a high level of precision and quality.
Once completed, the project will significantly extend the plant’s shelf-ready packaging capabilities for customers in a variety of market sectors, including fresh fruit and pharmaceuticals.
“Today’s announcement will ensure Smurfit Kappa can support our customers to gain even more share in their markets,” said Manuel Alcalá, CEO of Smurfit Kappa Brazil.
“The combination of an innovation center and state-of-the-art technology will provide greater opportunities to collaborate with customers to deliver innovative, inspiring, and sustainable solutions.”
Earlier, Smurfit Kappa announced that its emissions reduction targets have been approved by the Science Based Targets initiative (SBTi) as consistent with levels required to meet the goals of the Paris Agreement.
In 2020, Smurfit Kappa claimed to have already achieved a 32.9% reduction in CO2 emission intensity on its 2030 target of 40% and committed to reaching at least net zero emissions by 2050.
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