In.Pack Machinery acquires Karlville Swiss
Karlville Swiss represents the fourth acquisition for Ambienta
![In.Pack Machinery acquires Karlville Swiss](/europe/sites/labels/lnl/files/styles/lead_image_2_1280x720_/public/2023-03/Karlville-Swiss-Pouching-Line.jpg?itok=McB8Phri)
In.Pack Machinery acquires Karlville Swiss
Ambienta, one of Europe's largest asset managers, and its platform company In.Pack Machinery, have acquired Karlville Swiss, a fast-growing manufacturer of machines for pre-made pouches.
Headquartered in Balerna, Switzerland, Karlville Swiss was founded in 2018 by Gianfranco Locatelli and Gustavo Guzzi, in partnership with Karlville US. The company quickly established itself on the market as a strong player, thanks to its portfolio that offers ease of use, reduced waste and fit with digital printing.
Karlville Swiss boasts a premium customer base and a global reach with 50 percent of sales booked in North America and the balance among Europe, Latin America and Asia.
Pouches are among the fastest-growing product categories in flexible packaging, as they substitute rigid containers in the food, pet food, personal care and home care segments. Flexible pouches allow for up to 80 percent reduction in plastic usage and further significant environmental benefits across logistic value chains. Furthermore, pouches are increasingly produced in mono-layered films or laminated paper, allowing for improved recyclability – both areas in which Karlville Swiss machines have a compelling competitive positioning.
Karlville Swiss represents the fourth acquisition carried out by Ambienta as part of its buy-and-build platform strategy in packaging machinery. Notably, in September Ambienta completed the transformational acquisition of HolwegWeber, the leading designer and manufacturer of paper-based flexible packaging machinery, to combine it with existing platform
In.Pack. The combined group is a unique player in the market in terms of product range, size, production footprint and commercial reach, with over $150M USD (€140M) revenues across the US, Europe, Latin America and Asia, strong profitability metrics, eight production sites and a combined installed base of over 9,000 machines.
Following the acquisition, the Karlville Swiss management team will continue to lead the business, while former owner Karlville US will support In.Pack in strengthening its reach in the US as a commercial partner.
Jerome Onoratini, Group CEO for In.Pack/HolwegWeber, commented: ‘Karlville Swiss represents a strong fit with our strategy of becoming a one-stop-shop for the most demanding packaging producers globally, as they seek to embrace sustainability across their diversified product offering. I welcome Gianfranco, Gustavo and all their team and look forward to further grow the business together.’
Locatelli and Guzzi, general managers at Karlville Swiss, added: ‘Building the company from scratch has been a remarkable journey, we are proud of what we achieved so far and thankful to our team and Karlville US who supported our ideas. We strongly believe in the future potential of the business jointly with the new group.’
John Price and Raul Matos, founders and CEO and EVP of Karlville US, respectively, said: ‘We are proud of our decision to establish Karlville Swiss together with Gianfranco and Gustavo and to have helped them grow the business. We look forward to further cooperating with In.Pack to enlarge their commercial reach in the US market.’
Francesco Lodrini, Partner at Ambienta, added: ‘This acquisition allows the platform to further enlarge its offering to another product category whose growth is driven by environmental trends, and to further expand its reach, particularly in the US. This is the 12th add-on completed by Ambienta in the last 12 months, further confirming our capability to carry out international buy & build strategies.’
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