IMA Completes Acquisition of Sympak Dairy Pack Unit

Italian machinery company IMA has completed the acquisition of the Sympak Dairy and the Convenience Food Division from Sympak Corazza Group for €57.5m ($77.7m).

The business covers packaging machinery for cheese and butter products, as well as convenience foods including stock cubes, ketchup, mayonnaise and baby food.

IMA said that it is also buying Sympak’s chocolate and confectionary business for €6.5m ($8.7m).

According to IMA, Sympak and its subsidiaries Stephan and RC share 70% of these markets.

IMA has 18 manufacturing sites in Italy, Germany, the UK, the US, India and China.