Multivac acquires 49.9% stake in machinery firm TVI
Global food packaging provider Multivac’s German business Multivac Sepp Haggenmüller SE & Co KG (Multivac) has purchased the 49.9% stake in TVI Entwicklung und Produktion GmbH (TVI).
Multivac called the move “strategically important” as it will allow the company to offer complete production lines from a single source.
Due to the expansion, TVI and Multivac have confirmed they will invest in a new production site and office building fitted in a demonstration and customer centre. This new facility is to be built in the market town of Bruckmühl, in southern Bavaria, Germany. Construction should be finished in 2018.
Automation and efficiency
TVI will continue to run as an independent company. This means Michel Anton and Thomas Völkl, the joint partners and managing directors will remain alongside the CEO Boris Bachmeier.
A key part of the new relationship between Multivac and TVI will be the integration of the latter’s packaging lines with the former’s products. Here, Multivac said it hoped to develop the “highest possible level of automation, efficiency and machine availability”.
TVI will also gain access to Multivac’s extensive global sales network, which could help the German business crack new markets.
Founded in 2004, TVI manufactures equipment used for the portioning and processing of meat products. The business’ “high level of innovation” extends to tempering, pressing and portioning, as well as winding grill sticks and the manufacture of kebab skewers.
Comment from Multivac or TVI could not be obtained at the time of writing.
