Bosch Packaging Technology has closed its acquisition of Osgood Industries, Inc., based in Oldsmar, Florida, a filling and packaging machine specialist. The antitrust authorities have approved the appropriate documents. Bosch thereby further strengthens its engagement in the liquid food industry in North America and additional markets. With sales of approximately 26 million USD in 2014, Osgood Industries employs about 150 associates. It has been agreed that the purchase price will not be disclosed.
Osgood Industries is well-known in the packaging industry for its expertise in developing, manufacturing and servicing complete rotary and linear machinery lines. They accurately fill pre-formed containers with products which require clean hygienic standards. This comprises both standardized and customized applications. The types of foods typically packaged in this classification include ice cream, yogurt, dessert, salad and cheese, among others. The acquisition will involve a comprehensive service portfolio of maintenance, spare parts, customer engineering, rebuilds and retrofits of existing equipment.
Osgood Industries’ business activities have been assigned to Bosch Packaging Technology’s Liquid Food business unit. Martin J. Mueller, so far President of Osgood Industries, will be responsible for this new subsidiary with immediate effect.
“With Osgood Industries, we are further adding to our strategic activities in the area of liquid food,” said Friedbert Klefenz, president of Bosch Packaging Technology. “This is an important step for us on our journey to fulfilling our PA 2020 strategy. The experience of the Osgood team, their dedication to customer satisfaction and their expertise in this growing segment make this a much-valued addition to the Bosch team.”
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