Bosch plans acquisition of Kliklok-Woodman
Process and packaging technology supplier Bosch Packaging Technology announced plans to acquire the Georgia-based Kliklok-Woodman Corporation, a manufacturer of packaging machinery for the food industry.
Kliklok-Woodman employs approximately 240 associates and supplies customers worldwide from its U.S.-headquarters and a second manufacturing facility, Kliklok International Ltd. located in Bristol, United Kingdom. In 2014, it generated sales revenue of approximately $65 million. Financial details of the transaction were not disclosed.
“This planned acquisition will further extend Bosch Packaging Technology’s position in the food and confectionery industry. Above all, it will enhance our system capabilities as single-source supplier,” says Friedbert Klefenz, president of the Bosch Packaging Technology division.
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.
“This is great news for our customers, especially those with growing global operations, those who value single source systems responsibility, and those who desire variety in their flexible packaging formats,” says Bill Crist, CEO of Kliklok-Woodman.
Bosch says Kliklok-Woodman’s range of secondary packaging machinery will complement its packaging technology portfolio for the food and confectionery industry.
“Kliklok-Woodman will help boost Bosch’s presence in this market, and the acquisition is an important step on the road to fulfilling our PA 2020 growth strategy,” Klefenz said.