Bosch Packaging Technology to acquire Osgood Industries Global
Company purchase to expand the Bosch liquid food product portfolio.
February 6, 2015
by Canadian Packaging staff
Farmington Hills, Michigan/Waiblingen—Bosch Packaging Technology, a leading supplier of process and packaging technology, plans to acquire Osgood Industries, Inc. of Oldsmar, Florida. Agreements to this effect were signed on February 6, 2015.
Bosch intends to further strengthen its engagement in the liquid food industry in North America and additional markets.
With sales of approximately US26 million in 2014, Osgood Industries employs about 150 associates, developing, manufacturing and distributing fill and seal equipment for pre-formed containers in liquid food industry.
The transaction is pending the successful completion of all necessary antitrust approvals. The purchase price was not disclosed.
Osgood Industries is well-known in the packaging industry for its expertise in developing, manufacturing and servicing complete rotary and linear machinery lines that accurately fill pre-formed containers with products which require clean or ultraclean hygienic standards.
The acquisition will involve a comprehensive service portfolio of maintenance, spare parts, customer engineering, rebuilds and retrofits of existing equipment.
Important step in PA 2020 strategy
“With Osgood Industries, we are further adding to our strategic activities in the area of liquid food,” says Bosch Packaging Technology president Friedbert Klefenz.
“This is an important step for us on our journey to fulfilling our PA 2020 strategy, so we are eager to complete this transaction. The experience of the Osgood team, their dedication to customer satisfaction and their expertise in this growing segment make this a much-valued addition to the Bosch team.”
Osgood Industries president Martin J. Mueller adds: “For almost four decades Osgood Industries has taken pride in developing the highest-quality products for our customers. As a family-owned and operated business, we look forward to joining Bosch, with its worldwide sales channels and rich heritage. Bosch has demonstrated its commitment to growing in this market and we are proud to be part of that growth.”
Bosch and Osgood Industries have an already established business relationship, with Osgood acting as a North American sales agent for Bosch Packaging Technology, representing their portfolio of thermoforming, fill- and seal-technology.
The planned acquisition of Osgood Industries follows two major strategic acquisitions Bosch has recently made:
- August 2013, Bosch acquired Tecsor Machines et Systèmes S.A.S., based in Meyreuil near Marseille, France, which develops and sells machinery for making and filling PET (polyethylene terephthalate) containers for liquid and paste-like foodstuffs.
- October 2012, Bosch acquired Ampack in Königsbrunn, Germany. Its portfolio includes filling machinery for cups and bottles mainly used to fill and package highly sensitive foodstuffs such as dairy products, baby food, and hospital food.
Having established a regional presence in 1906 in North America, the Bosch Group employs some 25,000 associates in more than 100 locations. In 2014, Bosch generated consolidated sales of $11.3 billion in the U.S., Canada, and Mexico according to preliminary figures. For more information, visit www.boschusa.com, www.bosch.com.mx and www.bosch.ca.
Based in Waiblingen near Stuttgart, Germany, and employing 5,600 associates (per 2013 numbers), the Bosch Packaging Technology division of The Bosch Group is one of the leading suppliers of process and packaging technology. At over 30 locations in more than 15 countries worldwide, a highly-qualified workforce develops and produces complete solutions for the pharmaceuticals, food, and confectionery industries. These solutions are complemented by a comprehensive after-sales service portfolio. A global service and sales network provides customers with local points of contact. Additional information is available online at www.boschpackaging.com.