Simonazzi acquisition completed
Tetra Laval and the SIG Group have now completed the transaction for Tetra Laval to acquire SIG Simonazzi. As of today Tetra Laval has formally taken ownership of Simonazzi and will now start the integration of their activities with Sidel.
Present in 20 countries, Simonazzi designs, produces and sells filling and labelling equipment in addition to complete bottling lines for packaging liquid foods in plastic and glass bottles as well as beverage cans. Simonazzi posted sales in 2004 of € 320 million and has 1,500 employees. - Through this acquisition, Sidel will be better positioned to respond to customers’ needs in the beverage industry, in particular in the filling segment. By adding Simonazzi’s and Alfa’s equipment to Sidel’s product offering we will be able to provide our customers with a complete product portfolio”, says Larry Pillard, Chairman of the Tetra Laval Group Board of Directors. Roberto Schianchi, presently head of Sidel Filling Aseptic has been appointed Managing Director of Simonazzi, reporting to Gerárd Stricher, CEO of Sidel. - Our new company, the merged Sidel and Simonazzi, will have a unique position to become the preferred supplier of full lines to the beverage industry. Our product offering is state-of-the-art but ultimately it is the people in our organisation who will make the difference, says Gérard Stricher, CEO of Sidel.