Bosch Packaging Announced Plans to Acquire Osgood Industries
Bosch Packaging Technology, New Richmond, Wis., announced plans to acquire Osgood Industries, Inc., Oldsmar, Fla., further strengthening its engagement in the North American liquid food industry. With sales of approximately $26 million in 2014, Osgood Industries employs about 150 associates.
Osgood Industries develops, manufactures and services complete rotary and linear machinery lines that accurately fill pre-formed containers with products, such as 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.
“With Osgood Industries, we are further adding to our strategic activities in the area of liquid food,” says Friedbert Klefenz, president of Bosch Packaging Technology. “This is an important step for us on our journey to fulfilling our PA 2020 strategy, so we are eager to complete this transaction. 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.”
“For almost four decades, Osgood Industries has taken pride in developing the highest-quality products for our customers,” says Martin Mueller, president of Osgood Industries. “As a family-owned and operated business, we look forward to joining Bosch, with its worldwide sales channels and rich heritage. Bosch has demonstrated its commitment to growing in this market, and we are proud to be part of that growth.”
Bosch and Osgood Industries already have an established business relationship. Osgood Industries is a North American sales agent for Bosch Packaging Technology, representing Bosch’s portfolio of thermoforming and form-fill-seal technology.