The Navigator Group, Munich, announced plans to acquire the engineering company Sapal S.A., Ecublens, Switzerland, from Bosch's Packaging Technology division.
In 2004, Sapal became part of Bosch’s packaging division through the takeover of SIG Group by BOSCH. Today, Sapal provides diefolding cheese packaging under the Kustner brand.
"I had a very good impression at the very first contact—quality of the machines, market potential and highly motivated employees form an excellent basis for further development of the company," says Dietmar Gundel, partner of Navigator Group.
"As a stand-alone company, we see a good opportunity for Sapal to flexibly operate the business in this volatile niche market, and to continue to develop profitably in the long term. In addition, since there is hardly any synergy potential with other Bosch Packaging Technology divisions, we decided to sell Sapal to the Navigator Group," adds Jakob Bleiker, head of business unit food, Bosch Packaging Technology, New Richmond, Wis.
“We have conducted many investor discussions. The positive momentum of the Navigator Group was from the beginning and has steadily increased during the course of the audit process. I am convinced that with the Navigator Group, we have found a suitable new owner with whom we can successfully drive the business of Sapal," says Claudio Manfroni, former and future CEO of Sapal S.A.