Kalle Acquires American Casing Producer
Wiesbaden, January 10, 2011 - Kalle Group acquired American family-run business Jif-Pak with effect from December 29, 2010. The company, located in Vista, California, produces innovative nettings and casings for the meat in particular but also for other food industries.
Kalle views the acquisition of Jif-Pak as an ideal complement to strengthen its own innovative product lines, which are combined in the “Value Adding Casings” division. Jif-Pak will be managed by the group’s US subsidiary Kalle USA Inc. In the wake of the acquisition, Kalle expects to see group revenues in the US approach the USD 100 million mark. Kalle President and CEO Dr. Walter Niederstätter commented on the acquisition: “With Jif-Pak, we have acquired a company which represents an ideal fit for Kalle. Both companies have the same fundamental business strategy which is based on the key principles of customer orientation, innovation and technology. With the combined Kalle/Jif-Pak product portfolio, we can offer our customers a highly attractive, innovative and broad range of products.”