Tetra Pak Acquires Miteco
Tetra Pak, Vernon Hills, Ill., acquired Switzerland-based Miteco, a provider of production solutions for fruit juices, among other applications. 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 will extend Miteco’s current global reach, thanks to Tetra Pak’s established business presence in more than 170 countries worldwide.
“We are confident that becoming part of Tetra Pak will allow the Miteco business to continue to grow,” says Guillermo Fernandez, sales and operations director of Miteco. “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.”