MULTIVAC announced the taking over of FRITSCH Group thus further expanding its range of solutions for the bakery industry. With this move, MULTIVAC is complementing its range of solutions, in order to be able to offer complete production lines for the bakery industry.
“The takeover of FRITSCH is another important step for MULTIVAC in expanding our range of integrated solutions for processing and packaging food products. Thanks to the processing solutions from FRITSCH, we will continue to extend our presence in the bakery industry, where we have already been able in recent years to implement some very challenging projects for automated packaging solutions,” explained Christian Traumann, Director and Group CFO of MULTIVAC.
FRITSCH is a leading manufacturer of bakery equipment with its headquarters in the town of Markt Einersheim in Lower Franconia. The product range consists of high-performance equipment and ground-breaking technology for dough forming and processing. FRITSCH offers the right solution for every size of company – from table top units to industrial-scale equipment.
In 2018 FRITSCH generated a turnover of around EUR80m and currently employs approx. 600 staff. In mid-April of this year FRITSCH filed for insolvency. As a result of the takeover, FRITSCH will be able to continue its business operations for the benefit of its stakeholders and customers.
While the integration of the company into the MULTIVAC Group will begin immediately, the transaction value remains undisclosed. The manufacture and development of FRITSCH products will continue at its site in Markt Einersheim. FRITSCH also has a Technology Centre there, in which customer trials are carried out and customized products and recipes are developed.
The company’s products will be sold via MULTIVAC’s worldwide sales and service network. The acquisition is subject to approval under cartel legislation, and the takeover of the FRITSCH Group will take effect on August 1, 2019.