Bosch Packaging Technology to acquire Kliklok-Woodman
Bosch Packaging Technology is planning to acquire Kliklok-Woodman Corporation, based in Decatur, Georgia, US, with agreements signed on September 21.
Kliklok- Woodman manufactures packaging machinery for the food industry with its HQ in the US and a second manufacturing facility in Bristol, UK.
“This planned acquisition will further extend Bosch Packaging Technology’s position in the food and confectionery industry,” said Friedbert Klefenz, president, Bosch Packaging Technology division.
“Kliklok-Woodman’s range of secondary packaging machinery will complement Bosch Packaging Technology’s portfolio for the food and confectionery industry and boost Bosch’s presence in this market.
“The acquisition is an important step on the road to fulfilling our PA 2020 growth strategy.”
The expansion of market share, in growth regions, the development of new business fields, and the enlargement of the portfolio to enter new segments of the food industry are central to this strategy.
Kliklok-Woodman has more than 60 years of experience in the packaging of goods such as pastries and confectionery, frozen food, and dairy products.
The company focuses mainly on the development, manufacture, and marketing of secondary packaging machinery such as end-load cartoners and top-load erectors and closers, and of primary packaging machinery such as vertical form, fill, and seal machines.
In recent years, Bosch Packaging Technology has made a number of acquisitions to strengthen its worldwide market presence and extend its product portfolio.
The planned acquisition of Kliklok-Woodman follows the purchase of Ampack (Germany) in 2012 and Osgood Industries (USA) in 2015.
