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Archive Press Release
(Products mentioned in this Archive Press Release may or may not be available from the manufacturer.)
Thiele Technologies, Inc. Release date: February 2, 2007
Thiele Technologies Announces Acquisition of SWF Companies from Dover Corporation MINNEAPOLIS, Minn. - Feb. 1, 2007 - Robert H. Chapman, Chairman and CEO of Barry- Wehmiller Companies, Inc., and Larry Smith, President and CEO of Thiele Technologies, Inc., have announced the acquisition of SWF Companies of Reedley, Calif., a long-established provider of automated packaging machinery, from Dover Corporation (NSYE: DOV). The acquisition positions Thiele Technologies as one of the largest manufacturers of primary, secondary and robotic packaging solutions across a broad spectrum of industries.
"Combining the SWF business with Thiele's extensive capabilities and experience is a terrific strategic fit and will provide SWF customers with a variety of new opportunities in cartoning, bundling, case packaging, palletizing and systems integration," Smith stated. "We are very excited about joining forces with SWF, a highly respected equipment company, and expanding our customer base into many new markets. Likewise, the integration of the SWF service group with Thiele's aftermarket service team will provide our customers with access to one of the industry's largest field service organizations."
The addition of SWF to the Thiele organization brings together such well-known packaging machinery names as: Bliss Machinery, Salwasser, Padlocker, Tisma, Dyna-Pak, McDowell International, Tri-Sterling, and GSMA Robotics and System Integration. The machinery and systems made under these brands include an extensive line of vertical, horizontal, and wraparound casepackers; bliss and conventional case erectors; case sealers; vertical and horizontal cartoners; and robotic systems for palletizing and packaging.
Thiele Technologies, a division of Barry-Wehmiller Companies, Inc., was formed as an operating group in 1998 through the acquisition of Bemis Packaging Machinery Company and the subsequent integration of Thiele Engineering, Master Palletizer, Frontier Packaging, Edmeyer Dairy Systems, Slidell Machinery and Streamfeeder, LLC. Combining more than 100 years of experience, Thiele has become a well-balanced supplier of packaging machinery, providing a full complement of equipment for high-speed bag filling and palletizing, case packaging and palletizing, cartoning, bundling, and placing/feeding solutions for the packaging, printing and mailing industries.
SWF Companies was founded in 1946 and has become a leading manufacturer of packaging machinery through a series of acquisitions beginning in 1995. SWF provides a wide range of solutions for packaging products in cartons and corrugated containers and for palletizing complete loads. The company is recognized as a leading manufacturer of precision packaging machinery for the produce, prepared foods, confectionary, converted paper and snack food industries.
On behalf of SWF, Ed Suarez, Vice President, commented, "We are very pleased that the employees of SWF Companies have become part of the Thiele organization. We look forward to enhancing our industry expertise and capabilities, particularly in the area of cartoning, casepacking and bundling. This expanded product mix and the system integration opportunities will be a great benefit to our customers."
ABOUT BARRY-WEHMILLER
Barry-Wehmiller Companies, Inc. is a world leading supplier of packaging, corrugating and paper converting technology, as well as engineering consulting services, across a broad spectrum of industries.
Barry-Wehmiller's balanced and diversified approach to the market is made possible through 11 interactive divisions: Accraply, a leading manufacturer of automatic labeling systems; Barry-Wehmiller Company, manufacturing bottle washers and pasteurizers for more than 120 years; Barry-Wehmiller International Resources, a pioneer in the creation, development, and integration of advanced information technology and engineering solutions; Central Bottling International (CBI), specializing in quality industrial manufacturing equipment and services for the food, beverage, and packaging industries worldwide; Design Group, a premier supplier of manufacturing automation and engineering consulting services; FleetwoodGoldcoWyard, a leading producer of advanced conveyance technology and material handling equipment; HayssenSandiacre, a form/fill/seal technologies and services leader for more than 100 years;
MarquipWardUnited, a leading manufacturer of equipment for the corrugated and folded carton industries; Paper Converting Machine Company (PCMC), providing advanced converting, printing, and packaging technologies for the tissue, nonwovens, and flexible packaging industries since 1919; Pneumatic Scale, a global provider for can seaming, capping, centrifugation, dry filling, labeling, and liquid filling; and Thiele Technologies, a leading supplier of cartoning, case packing, bagging, and palletizing equipment.
In fiscal year 2007, a combination of organic and acquisition growth is expected to grow Barry-Wehmiller's annual revenues to more than $860 million for the first time in the company's 120-year history, with more than $200 million of that in global markets. |
