STUTTGART, GERMANY (May 9, 10:10 a.m. ET) — The Italian subsidiary of German compounding extruder maker Coperion GmbH has purchased a majority ownership stake in Weicom srl, a maker of equipment for weighing, packaging and palletizing based in Ferrara, Italy.
Weicom's product line includes electronic weighers, bagging machines, sack filling machines, filling systems for large bags, robot palletizers, pallet securing systems and conveyors. The firm's form-fill-seal bagging machines can run up to 2,500 sacks per hour.
Weicom targets plastics compounders, food processors and the minerals industry.
Coperion makes extruders for the plastics, chemicals, food and aluminum industries.
Terms were not disclosed.
Stuttgart-based Coperion has worked with Weicom to supply complete projects.
“Our process chain has now been extended to include packaging and palletizing systems, enabling us to offer an even more complete system—all from one supplier,” said Axel Kiefer, a member of Coperion's executive board, in a news release.
The deal will help Weicom expand into new markets such as the United States, Russia, southeast Asia and Brazil, said Francesco Bassi, a representative of the Weicom shareholders.