Swiss industrial company Sulzer has agreed to acquire cosmetics packaging and applicator maker Geka GmbH (Bechhofen, Germany) for EUR 260 million in order to expand its marketplace reach.
Through the acquisition of Geka, Sulzer Mixpac Systems (SMS) — a business unit of Sulzer’s Chemtech division — gains industrial mass, segment and geographical diversification.
Both businesses share the same industrial core in high-precision plastic injection molding, which allows for significant cost synergies, Sulzer said. Also, Geka and SMS have complementary geographic manufacturing footprints, which will enable the combined business to compete globally.
