MULTIVAC Expands in Baking Equipment Industry
MULTIVAC has acquired Germany-based FRITSCH Group, a leading supplier of baking equipment that develops and manufactures baking equipment, especially in the proper handling and processing of raw dough. For nearly 100 years, companies both large and small, from industrial-sized bakeries to local artisan bakeries have relied on FRITSCH Group and its workforce of approximately 500 for its technologically sophisticated solutions.
The acquisition enables both companies to share engineering, technology and market strategies, and strengthens MULTIVAC’s global position as the go-to resource for complete production lines for the food industry.
“The purchase of FRITSCH Group is another important step for MULTIVAC in expanding our range of integrated solutions for processing and packaging food products,” said Christian Traumann, director and CFO, MULTIVAC Group. “Thanks to the processing solutions from FRITSCH, we will continue to extend our presence in the baking industry, where we have already been able in recent years to implement some very challenging projects for automated packaging solutions.”
FRITSCH Group’s German manufacturing facility will remain open indefinitely and be known as FRITSCH Bakery Technologies (FBT); FRITSCH equipment will be sold through MULTIVAC’s worldwide network.