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New $100m machinery group as HayssenSandiacre buys Simionato

November 17, 2011 Comments Off

US packaging machinery group HayssenSandiacre has announced the acquisition of Italian group Simionato in a deal that creates a $100m group

The deal, announced yesterday, creates a bagging and FFS machinery group with bases in Italy, England and the US and some 20,000 installations worldwide.

HayssenSandiacre president Michael May said: “The addition of Simionato expands HayssenSandiacre’s range of flexible packaging equipment solutions as well as our geographical presence in new global markets,” May said.

Established in 1963 with the production of a vertical packing machine, Simionato today is a market leader in the design, manufacture and support of integrated packaging systems. With more than 5,000 installations in plants located all over the world, Simionato enjoys a reputation as a quality provider of complete system solutions.

Simionato chief operating officer Monica Pugiotto said: “We are  pleased  to  join  HayssenSandiacre  as  this  provides even greater capability to support customers as an enhanced global packaging systems partner with a broad platform of machinery solutions and an expanded network of sales and service team members.”

HayssenSandiacre is hoping the deal will give it greater reach in the European, Middle Eastern and South American marketplaces.

The group’s European managing director, Simon Lagoe, who is based in Nottingham, said: “This strategic combination of organizations and technologies is very much in alignment with our vision of providing system solutions to meet the range of our customer’s global operational needs.”

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