Kalle Group acquires Jif-Pak Inc. effective 29 December 2010. Jif-Pak, an American family business, is a highly innovative producer of nettings and casings.
Kalle Group acquires the American family business Jif-Pak. The company, located in Vista / California, produces innovative nettings and casings for the meat and other food industries.
Kalle views the acquisition of Jif-Pak as an ideal complement to strengthen the own innovative product lines of “Value Adding Casings”. Jif-Pak will be managed via the Group’s US subsidiary Kalle USA Inc. For 2011 Kalle expects total sales of the combined US business close to USD 100 Mio. Kalle President and CEO Dr. Walter Niederstätter comments on the acquisition as follows: “With Jif-Pak we acquire a company which fits ideally to Kalle. Both companies have the same fundamental business strategy in which customer orientation, innovation and technology plays a leading role. With the combined product portfolio we are able to offer our customers a highly attractive, innovative and broad range of products.”
Source: Kalle Group