Haver & Boecker Holding GmbH has signed a contract to take over a 100% share of Newtec Bag Palletizing from Newtec International Group S.A.
The acqusition will enable the Haver & Boecker Group to deliver complete storage, packing and loading systems for bulk materials and premium quality liquids.
Newtec Bag Palletising, headquartered in France, is a manufacturer of automatic palletising systems. It will be an independently operating Group company.
The Haver & Boecker Group hope that the acquisition will help the company to compete with European quality, especially against growing competition from India.
Adapted from press release by Callum O’Reilly
Read the article online at: https://www.worldcement.com/europe-cis/31052012/haver_and_boecker_acquires_newtec_bag_palletizing/