TETRA PAK® ACQUIRES MITECO
Acquisition strengthens Tetra Pak’s capabilities in processing of carbonated soft drinks
LAUSANNE, Switzerland (4 March 2014) – Tetra Pak®, the world leader in food processing and packaging solutions, today announces the acquisition of Switzerland-based Miteco, a leading provider of production solutions for soft drinks, fruit juices and liquid food, with a particular strength in carbonated soft drinks.
Established in 1982, Miteco is a privately held company with 70 employees across sites in Switzerland, Italy, UK and South America.
“The acquisition of Miteco positions Tetra Pak as a world leader in production solutions for carbonated soft drinks, with an unrivalled product portfolio backed by strong technical support and broad geographic presence,” says Tim High, Executive Vice President of Tetra Pak Processing Systems. “It also extends the company’s beverage production capabilities in a number of key areas, including sugar handling, dissolving, refining, mixing and blending beverage ingredients, providing an important complement to our existing portfolio of processing solutions.”
The acquisition by Tetra Pak will extend Miteco’s current global reach, thanks to Tetra Pak’s established business presence in more than 170 countries worldwide.
Guillermo Fernandez, Sales and Operations Director of Miteco says, “We are confident that becoming part of Tetra Pak will allow the Miteco business to continue to grow. Tetra Pak’s global presence, plus the combined knowledge and skills of our two companies, promise improved solutions and better services for both existing and future customers worldwide.”
ABOUT TETRA PAK
Tetra Pak is the world’s leading food processing and packaging solutions company. Working closely with our customers and suppliers, we provide safe, innovative and environmentally sound products that each day meet the needs of hundreds of millions of people in more than 170 countries around the world. With more than 23,000 employees based in over 80 countries, we believe in responsible industry leadership and a sustainable approach to business. Our motto, “PROTECTS WHAT’S GOOD™,” reflects our vision to make food safe and available, everywhere.
More information about Tetra Pak is available at http://www.tetrapak.com