WOLFERTSCHWENDEN, Germany - Food packaging solutions company Multivac Sepp Haggenmüller SE & Co. KG has acquired a 49.9 percent share of Irschenberg, Germany-based TVI Entwicklung und Produktion GmbH. Multivac’s strategy behind the investment was a partnership in which complete production lines of TVI’s tempering, pressing and portioning equipment and Multivac’s packaging solutions can be sold to customers as one unit from one source, according to a statement from Multivac.
TVI will gain the use of Multivac’s sales and service networks and the ability to develop new sales markets. Both companies believe the partnership will allow for better relationships with their mutual customers.
Joint partners and managing directors Michel Anton and Thomas Völkl along with TVI CEO, Boris Bachmeier, will continue to operate TVI as an independent company and allow for continual focus on further development.
The two companies will jointly invest in a new production and office building that includes a demonstration facility and customer center. The inauguration of the new site in Bruckmühl is planned between the end of 2017 and beginning of 2018.
Multivac’s US headquarters is based in Kansas City, Missouri.