Viskase Company acquires Walsroder Casings Group
For the year ending 2016, Walsroder’s total turnover is approximately $60 mill. 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.
Thomas D. Davis, Chairman, President, and CEO of Viskase, commented, “We look forward to adding the high quality products and talented management and people of Walsroder to the Viskase family. 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, once regulatory requirements are completed. Transition of the Poly-clip casings finishing and distribution business in the US to Viskase will occur over the next few months to ensure that all customer needs will continue to be satisfied.