Theegarten-Pactec makes strategic investment in Makrev packaging machinery shares
German-based Theegarten-Pactec has confirmed it has gained shares inTurkish mechanical engineering company Makrev Packaging, enhancing its ability to supply equipment and machinery solutions for the region, reports Neill Barston.
The recent move marks a notably strong period for the Dresden-based equipment company, which has continued to expand its machinery range this year, despite ongoing wider logistics and economic challenges faced by the sector.
As the company noted, its strategic share investment will see the company gain a strong interest in the Istanbul-based company, which was founded in 1998. It has specialised in manufacturing chocolate and jelly packaging machines as well as complete automation and feeding systems. Makrev’s machines achieve a packaging output of up to 900 pieces per minute for jelly products and hard candy and 400 pieces per minute for chocolate products.
Through the acquisition, Theegarten-Pactec aims to complement its product portfolio and become more attractive to customers in the mid-performance and price segments below the high-performance machines built in Dresden. “This step is exactly the right one for our long-term success,” says Markus Rustler, CEO of Theegarten-Pactec. “Makrev machines are solidly constructed and produced to the highest quality. They have an impeccable reputation in the industry.”
The Turkish firm, in turn, is expected to benefit from the Dresden-based packaging specialist’s worldwide sales and service network as a result of the cooperation. So far, Makrev has mainly been active in the Middle East, North Africa, the CIS, and India.
In addition to the sales cooperation, Theegarten-Pactec CEO Markus Rustler will take on tasks in Makrev’s management. As a member of the board, he will actively shape the further development of the company in the future. Despite the cooperation, both companies will continue to operate independently on the market and serve the different market segments.
“Through this cooperation, we are on the one hand strengthening the Dresden location as a place of know-how for the construction of high-performance machines. On the other hand, with Makrev’s market access, we will also be able to offer new customers competitive solutions from the medium performance range that meet our quality standards in the future,” Markus Rustler concludes.