Tetra Pak Acquires Miteco
March 5, 2014
Tetra Pak, a leader in food processing and packaging solutions, has acquired Switzerland-based Miteco, a leading provider of production solutions for soft drinks, fruit juices and liquid food, with a particular strength in carbonated soft drinks. Established in 1982, Miteco is a privately held company with 70 employees across sites in Switzerland, Italy, UK and South America. The acquisition will extend Miteco’s current global reach, thanks to Tetra Pak’s established business presence in more than 170 countries worldwide. “The acquisition of Miteco positions Tetra Pak as a world leader in production solutions for carbonated soft drinks, with an unrivalled product portfolio backed by strong technical support and broad geographic presence,” said Tim High, EVP of Tetra Pak Processing Systems in a press release. “It also extends the company’s beverage production capabilities in a number of key areas, including sugar handling, dissolving, refining, mixing and blending beverage ingredients, providing an important complement to our existing portfolio of processing solutions.” “We are confident that becoming part of Tetra Pak will allow the Miteco business to continue to grow. Tetra Pak’s global presence, plus the combined knowledge and skills of our two companies, promise improved solutions and better services for both existing and future customers worldwide,” said Guillermo Fernandez, sales and operations director of Miteco.