Barry-Wehmiller acquires yogurt packaging company in Paris
Robert H Chapman, chairman and CEO of Barry Wehmiller Companies Inc, has announced the acquisition of Arcil SA, a Paris-based supplier of packaging technology for the fresh dairy and food industry.
Robert H Chapman, chairman and CEO of Barry Wehmiller Companies Inc, has announced the acquisition of Arcil SA, a Paris-based supplier of packaging technology for the fresh dairy and food industry.
The purchase, Barry-Wehmiller's first in France, expands the firm's packaging platform to six separate operating companies and escalates the capital equipment and engineering consulting firm's reach within the growing global yogurt industry.
Arcil, with $120 million in revenue this year, employs approximately 350 people between its two Paris operations. A worldwide leader in Form-Fill-Seal (FFS) technology, its innovative machines use heat to convert plastic film into custom-formed cups that are filled then sealed within integrated, cost-effective lines. Arcil machines can be found in more than 40 countries worldwide.
“Arcil’s expertise in providing cutting-edge, efficient packaging solutions is highly complementary to our diverse portfolio of packaging companies,” said Bob Chapman, Barry-Wehmiller CEO. “Their technological leadership and leading market position extend our capabilities in the global fresh dairy market. We are pleased to bring our people-centric leadership practices to our new team members.”
“Our team is looking forward to enhancing our past success with the rich experiences of Barry-Wehmiller, a global organisation whose leadership practices have resulted in 18% compound growth over the past 25 years,” said Eric Lesbats, Arcil CEO. “We are confident that Arcil will be further strengthened within the Barry-Wehmiller culture and our market position in global markets will grow. We anticipate an exciting new journey to ultimately advance the everyday pleasures of consumers around the globe.”
Arcil represents Barry-Wehmiller's 65th acquisition-with no divestitures, since 1987, and its first in France. Through its combination of acquisition and organic growth initiatives, Barry-Wehmiller expects its 2014 revenues to reach approximately $1.7bn. Chapman predicts Barry-Wehmiller will surpass the $2bn mark within two years.
“We have been on an extraordinary path of purposeful and deliberate growth that exemplifies our philosophy of combining people, purpose and performance to create value for all stakeholders,” Chapman said. “We are delighted to welcome Arcil as the newest member of the Barry-Wehmiller organisation, and we look forward to working together to build a strong global business, serving a balance of industries and markets.”
Source: Barry-Wehmiller Companies Inc
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