Brückner Group acquires 100% of Swiss PackSys Global

The German Brückner Group has announced today that Brückner Technology Holding GmbH has acquired all shares of PackSys Global (Switzerland) Ltd., located in Zürich, Switzerland.
 
PackSys Global (PSG) is a leading manufacturer of specialized equipment for the packaging industry, with 30 years of experience and expertise in integrating 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 that 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 balance of high technology and cost effective machinery.  Its 300 employees will account for a CHF 70 million turnover in the 2010-2011 year.
 
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 arevery 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’stechnology 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: ‘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 that Brückner brings.   This will allow PSG to enter a number of larger, longer-term projects with a new platform for growth, stability and innovation.’