The company purchases Simionato Integrated Packaging System S.r.l.
Michael T. May, president of HayssenSandiacre, Inc. (www.hayssensandiacre.com), announces the
stock purchase of Simionato Integrated Packaging System S.r.l., formerly
privately owned through Vela Capital. Simionato is a manufacturer of integrated
flexible packaging systems based in Mestrino, Italy. The combined organization
aligns major operation bases in Italy, England and America. With 20,000
machinery installations worldwide and annual revenues approaching $100 million
the organizations bring their combined richness of culture and experience to
the global flexible packaging industry.
"The addition of Simionato expands HayssenSandiacre's range
of flexible packaging equipment solutions as well as our geographical presence
in new global markets," says May. "By leveraging the products and
experiences of our U.S., U.K. and Italian operations, we are confident the
Simionato product line will be immediately accretive to the worldwide
HayssenSandiacre business model."
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.
"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," says Monica Pugiotto, who will
continue as COO of the Simionato operation in Italy.
With the integration of Simionato, HayssenSandiacre gains expanded
entry into the European, Middle Eastern and South American marketplaces through
an established market leader in products that are complementary with
HayssenSandiacre's own offerings.