HayssenSandiacre acquires Simionato

16 November 2011 (Last Updated November 16th, 2011 18:30)

US-based HayssenSandiacre, a flexible packaging division of Barry-Wehmiller, has announced the acquisition of Italian manufacturer Simionato Integrated Packaging System from Vela Capital.

US-based HayssenSandiacre, a flexible packaging division of Barry-Wehmiller, has announced the acquisition of Italian manufacturer Simionato Integrated Packaging System from Vela Capital.

The combined firm is expected to have major operation bases in America, England and Italy, with an annual revenue approaching $100m.

The acquisition is set to expand HayssenSandiacre's entry into the European, Middle Eastern and South American markets.

The newly acquired Simionato Integrated Packaging System produces integrated flexible packaging equipment.

Michael May, HayssenSandiacre president, said the deal will expand the company's range of flexible packaging equipment solutions as well as its geographical presence in new global markets.

The value of the acquisition has not been disclosed.