Bosch to Acquire US Packaging Technology Manufacturer.
MANews-(C)2009-2015
6 February 2015 - German industrial group Bosch's Bosch Packaging Technology subsidiary has agreed to acquire US-based packaging technology manufacturer Osgood Industries, Inc., the company said on Friday.
Terms of the deal were not disclosed.
According to Bosch, the move will strengthen its engagement in the liquid food industry in North America and additional markets.
With sales of approximately 26m in 2014, Osgood Industries employs about 150 associates. The transaction is pending the successful completion of all necessary antitrust approvals. The purchase price was not disclosed.
Osgood Industries is known in the packaging industry as a specialist in developing, manufacturing and servicing rotary and linear machinery lines. They fill pre-formed containers with products which require clean or ultraclean hygienic standards.
This comprises both standardised and customised applications. The types of foods typically packaged in this classification include ice cream, yogurt, dessert, salad and cheese, among others.
The acquisition will include a service portfolio of maintenance, spare parts, customer engineering, rebuilds and retrofits of existing equipment.
Bosch and Osgood Industries have an already established business relationship. Osgood Industries is a North American sales agent for Bosch Packaging Technology, representing Bosch's portfolio of thermoforming, fill- and seal-technology.
The planned acquisition of Osgood Industries follows two major strategic acquisitions Bosch has recently made. In August 2013, Bosch acquired Tecsor Machines et SystAmes S.A.S., based in Meyreuil near Marseille, which develops and...
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