Handtmann Group of Companies Acquires INOTEC
The Handtmann Group of Companies, headquartered in Biberach, Germany has acquired the INOTEC Group, a leading manufacturer of innovative mixing and emulsifying technologies for the food processing sector, to continue building the international sales and service capabilities of its Maschinenfabrik division that serves the global food processing industry.
“We thus offer our shared customers significant added value. And at the same time, the international sales and service organizations of both companies will be strengthened. Moreover, we have identified synergies for the development of additional fields of application outside the meat processing industry. Both business units, and above all our customers, will benefit from it,” says Company Director Thomas Handtmann.
INOTEC will continue under the operational leadership of the current management team. Frank Gekeler, Managing Director of INOTEC, notes that “Handtmann and INOTEC have already had a successful sales cooperation in the USA and Canada since 2017, and since last year also in Russia. The products complement each other very well and the philosophies of both companies are on the same wavelength when it comes to quality, innovation and culture. Being part of the Handtmann Group of Companies thus lays the foundation for INOTEC’s positive long‐term development, offering excellent prospects both for our customers and our employees as a result.”
According to Tom Kittle, President of Handtmann, Inc. and Handtmann Canada Limited, “our North American aftermarket service capabilities have been very helpful to existing INOTEC customers while our Handtmann customers have realized great value from INOTEC’s innovation, the quality of their products and our shared commitment to customer satisfaction.
“We also realize the food processing sector is changing at breakneck speed and our customers want trusted relationships with turnkey solutions. This acquisition will help us continue delivering solutions they can depend on to meet today’s performance requirements and tomorrow’s demands.”
The acquisition of INOTEC is subject to approval by the German competition law authorities.