The German Brückner Group announced that effective January 31st 2011 Brückner Group GmbH has acquired all shares of PackSys Global (Switzerland) Ltd., located in Zürich, Switzerland. PackSys Global (PSG) is a global leading manufacturer of specialized equipment for the packaging industry. With 30 years of experience and expertise in integrating the best of Swiss high technology and mechanical precision, the company designs and builds full lines for aluminum, plastic and laminate tubes, metal and plastic closures and monobloc aerosol cans, as well as dry offset printing systems which can be integrated into production lines for tubes, metal caps and cans.
With a primary R&D center in Switzerland, manufacturing and assembly bases in Switzerland and Thailand as well as a software development centre in India, the company offers a unique balance of high technology and cost effective machinery. With around 300 employees in those countries PSG will have, in the fiscal year ending March 2011, consolidated sales of approx. CHF 70 Mio.
The takeover of PSG is a further significant step for the Brückner Group to strengthen the Group’s strategic set up, with the objective to attain a well-balanced product and business portfolio. In the words of Brückner Group management: “We are very happy to be able to bring PSG into our group. We share a common tradition of offering high performance production equipment on a global basis to the packaging industry. PSG’s technology and engineering competence, its focus on world-class quality as well as its global footprint fit perfectly into the philosophy and growth-strategy of the Brückner Group. We are looking forward to continuing and supporting PSG's long-term development as an innovation leader.”
PSG management commented about the deal: "We are pleased to join the Brückner Group of companies. After a long and successful period of ownership by private equity investors, we now look forward to taking advantage of the economies of scale and global infrastructure which Brückner brings. Their long-term perspective, driven by their stable family ownership, will allow PSG to enter in a number of larger, longer-term projects which will provide PSG with a new platform for growth, stability and innovation.”