Viskase Cos., Inc., Lombard, Ill., signed a definitive agreement to acquire 100% of the equity interests in Walsroder Casings Group, Germany, including its subsidiaries Walsroder Casings GmbH and Walsroder Casings Polska Sp. z o.o., from Quota International GmbH and CT Holding GmbH. The acquisition also includes the casing business assets of Poly-clip System, LLC, Walsroder’s U.S. distributor and an affiliate of Quota, located in Mundelein, Ill.
Walsroder produces fibrous and plastic casings and innovative manufacturing technology for the processed meat industry. Walsroder maintains manufacturing and distribution facilities in Germany and Poland, and distribution in the United States through Poly-clip.
This acquisition will strengthen and complement Viskase’s broad product line of fibrous and plastic casings, and provide additional production capacity for all of Viskase’s key markets.
“We look forward to adding the high-quality products and talented management and people of Walsroder to the Viskase family,” says Thomas Davis, chairman, president and CEO of Viskase. “This acquisition will augment our large portfolio of products serving the processed meat industry around the world, and the combination of the talented people of both companies will result in a stronger and more competitive Viskase.”
Final closing of the acquisition is expected by mid-January. Transition of the Poly-clip casings finishing and distribution business to Viskase will occur over the next few months.