The company makes packaging materials for the food industry. It had been part of the CFS Group which GEA acquired in March 2011.
Juerg Oleas, CEO of GEA, said: “Packaging materials surely are a complement to the packaging machines sold by GEA, but we felt that we can still offer those materials as an ancillary product to the customer of our machines without having to own and run its production ourselves. CFS Kempten would have needed to grow significantly to meet our expectation that companies in our portfolio take a leading market position in their respective industry.
“Under new ownership focus, they will benefit from more favourable prospects for continued capital investments in this firm. For our customers the transaction will make no difference. As to the employees of CFS Kempten, I wish to thank them for their dedicated work.”
Source: GEA
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