Multivac has offloaded Trimaster, a Finnish supplier of turnkey solutions in the food packaging industry, in a management buyout.
The packaging specialist acquired Trimaster in 2012, which saw it become integrated into Multivac’s Finnish sales and service business.
With more than 20 years of experience in material handling, Trimaster supplies turnkey solutions for its customers. Typical applications include order-picking equipment, palletising and end-of-line packaging solutions, as well as conveyor systems for product transport.
The sale was led by Leo Johansson and was made for an undisclosed amount.
Following the transaction, Multivac subsidiaries will continue to work with Trimaster as before and will offer customers the company’s solutions.
“We decided on the sale, because we are convinced that Trimaster has better market opportunities with more local direction and without the constraints of a large organisation,” said Christian Traumann, president of Multivac.
As a consequence of the sale, Kimmo Vesterinen, factory manager at Trimaster, will join Multivac Finland, where he will initially work as the deputy to the current managing director, Esa Harju, before taking over Harju’s role when he retires.
© FoodBev Media Ltd 2024