Handtmann Group acquires Inotec
The Handtmann Group of Companies in Biberach, Germany, has acquired the Inotec Group. The two companies have signed a corresponding purchase agreement, but the deal is still subject to approval by the Bundeskartellamt, the German Federal Cartel Office.
No changes to jobs are said to be planned in connection with the acquisition.
The filling and portioning systems division with the Handtmann Maschinenfabrik GmbH & Co. KG develops, produces and markets filling and portioning systems that are, among other things, used for the production of sausage products. Handtmann says it intends to build on its success in this sector with Inotec.
Inotec manufacturers mixing and emulsification technology as well as tying machines for the food processing sector.
The Inotec Group employs around 270 people at four locations in Reutlingen (Baden-Württemberg), Herzebrock-Clarholz (North Rhine-Westphalia), Hluk (Czech Republic) and Saverne (France). In 2019, the Group generated an annual turnover of over 30 million euros.
In future, Inotec will belong to the filling and portioning systems division at Handtmann, where it will be continuein its current form. The current Inotec management team will continue to run the company’s day-to-day operations.
Handtmann’s company director, Thomas Handtmann, said: “Together with Inotec, we will be in a position from now on to offer complete production lines from a single source and in an alliance that is unique in our competitive environment. The ‘Best Brand’ alliance between Handtmann and Inotec will bring enormous advantages for both companies when it comes to winning new customers and projects all over the world, and open up very positive prospects of growth for us.”
Close sales cooperation planned
Frank Gekeler, managing director and co-founder of Inotec said: “Handtmann and Inotec have already had a successful sales cooperation for the USA and Canada since 2017, and since last year also in Russia.
“Both companies have gained very positive experience in this respect. Under the umbrella of the Handtmann Group of Companies, we will have access to an international sales network. The merger gives us the opportunity to develop a global presence as a major provider and thus to position ourselves for the future in the best possible way.”
Thomas Handtmann added: “The two companies are close, not only geographically but also culturally. Both companies are pioneers when it comes to the development of new and innovative products, and market leaders with the highest quality standards. We place high demand on our solutions and products.”
Anthony Daniels, managing director Handtmann Ltd in the UK told Meat Management: “This presents an exciting opportunity to add to Handtmann’s already extensive portfolio and established customer base. Going forward this will allow us to offer full line and ‘turnkey solutions’ with the integration of equipment that offers our customers market leading machinery alongside the service and support that we continue to pride ourselves on.”