Swiss firm CGS has acquired German packaging machines manufacturer A+F Automation + Fördertechnik from Mutares.
Based in Kirchlengern, A+F manufactures packaging machines for the dairy, food and beverage industry.
The company also provides solutions for the cosmetics, pharmaceutical and other industries.
A+F produces a range of customer-specific solution ranging from the secondary and tertiary packaging to complete packaging lines.
The company’s machinery products can be used to package a variety of products, including cups, tubs, beverage cartons, flow packs, pouches, and bottles.
A+F’s machine portfolio includes carton formers, tray and case erectors, pick and place handling modules and tray and case packers.
The company also produces sleeving and packaging systems, commissioning systems or repackers, conveying equipment, conventional layer-plate palletizers and robotic palletizers.
In November 2014, Mutares acquired A+F from German Oystar Group. The company, which has 160 employees, reported sales of around €29m in 2016.
A+F CompactLine is a butter packer that can process up to 150 packs of butter per minute into wrap-around cases.
The packer can be connected to all wrapping machines in the mid-range performance class.
Mutares CEO Robin Laik said: “A+F is a perfect showcase of a successful turn-around. Mutares has managed to bring the company back to profitable growth, hereby confirming the Mutares approach.”
CGS managing partner Thomas Anderegg said: “A+F as a highly specialized, established packaging machine manufacturer perfectly matches our market focus and industry expertise. Following the successful return to profitable growth under Mutares, we are now taking over and will focus, jointly with the management, on further international expansion through strategic add-on acquisitions in key markets.”
Image: CGS has acquired packaging machines manufacturer A+F Automation + Fördertechnik. Photo: courtesy of CGS Management AG.