Page 57 - Plastics News July 2019

BusiNess News

KraussMaffei groups all business AMB completes acquisition of

divisions under unified brand TDX Europe

unich-based KraussMaffei talian packaging solutions provider AMB has acquired
MGroup is repositioning IUK-based food packaging business TDX (Europe)
its branding — now calling for an undisclosed fee.TDX provides polyethylene
all business divisions and its terephthalate (PET), recycled PET and laminated rigid
previous brands of KraussMaffei films for the food and packaging industry. Included in
Berstorff and Netstal under the Italian firm’s acquisition is TDS’ product design,
a single unified brand of prototype and tooling business. AMB claims the deal
KraussMaffei.All subsidiaries will allow it to create a pan-European entity in the
and locations will operate rigid and flexible plastic film and packaging solutions
under the KraussMaffei name market. It will serve regional markets by manufacturing
from now on, officials of the machinery manufacturer products locally. The partnership also creates a single
said. That means Netststal-Maschinen AG, the injection point of access to market products and services such
press business in Nafels, Switzerland, will be known as as tooling and concept design, product specification,
KraussMaffei High Performance AG. This repositioning print design and application. This will enable AMB to
is in line with the “Compass” corporate strategy, which offer new products and services in accordance with
has already brought about fundamental changes with the customer needs by creating one-supplier relationships
launch of the Digital & Service Solutions (DSS) business with them. The merger will also support AMB to create
unit. For Frank Stieler, CEO of KraussMaffei, bringing the a major business in the market, as well as further
brands together is a reflection of the company’s identity: strengthening its customer-focused business approach
“KraussMaffei is a technological pioneer in the plastics with a full-service offering.
industry, which supplies its customers across all industries AMB chief operating officer Giles Peacock said: “This is
with innovative and customised solutions – in line with our a highly complementary acquisition that will help AMB
new motto: Pioneering Plastics.”
widen our European footprint to be more local to our
KM officials said that the Netstal name will still appear clients in Northern Europe. “We have always had a clear
on the machinery, although the name will not be part of vision and part
the business identity. The KraussMaffei Berstroff brand of the vision is to
of extruders, based in Hanover, Germany, now will be create a group
known as KraussMaffei Extrusion GmbH. The machinery that can offer a
manufacturer's new motto is "Pioneering Plastics."Hans- complete end-to-
Ulrich Golz, president of KraussMaffei's injection molding end process for
machinery segment, said the existing injection molding food packaging
machine series names will remain as they are, as will be customers. [It is]
the production locations. But the new sales organization is a very exciting
arranged by economic regions, so that each customer will time for the
have only one contact. "The common sales organization, mar ket.”T he
which is global and oriented to cover entire areas, is an merged entity
important milestone in our effort to get even closer to our will have four facilities across Europe, along with
customers and markets," said Tobias Daniel, vice president a network of international distribution warehouses
of sales for injection molding machines. KraussMaffei consisting of 430 employees. In addition, the two
CEO Frank Stieler said: "We are transforming from a businesses will continue developing and manufacturing
traditional machine building company to a technology products by focusing on sustainability and food safety.
company working with and for our customers. Without TDS’s design and tooling business will continue serving
our customers we are nothing." its local and global customer base.

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59 July 2019 Plastics News