Fritsch is a leading manufacturer of bakery machines with its headquarters in Markt Einersheim, Lower Franconia. The portfolio includes high-performance systems and pioneering innovations in dough moulding and dough preparation.
Fritsch offers the right solution for every size of business - from table-top machines to industrial systems. Premium bakery products are produced worldwide with machines from Fritsch. With the takeover of the Fritsch Group, MULTIVAC is completing its portfolio of solutions, so that in future it will also be able to offer the bakery industry complete production lines from a single source.
„The takeover of Fritsch is a further important step for MULTIVAC in the expansion of our portfolio of integrated solutions for processing and packing food products. Fritsch's solutions will enable us to further expand our presence in the bakery industry, where we have already been able to realise challenging projects in the area of automated packaging solutions in recent years,“ explains Christian Traumann, Managing Director and Group CFO of MULTIVAC.
Fritsch was Founded in 1926 and has been owned by the fourth generation of the family ever since. Headquartered in Markt Einersheim, the company has developed into an innovative manufacturer in the field of bakery technology over the decades. In 2018, Fritsch generated a Turnover from about 80 million euros, The company employs approx. 600 employees. Fritsch filed for insolvency proceedings in mid-April. Fritsch is represented by its own subsidiaries in Russia, Poland, the USA and the UK, and also has a global network of sales and service partners to ensure proximity to its customers. The takeover will make Fritsch part of a strong group of companies and enable it to continue its business operations for the benefit of all stakeholders and, above all, its customers.
The integration of the company into the MULTIVAC Group is to begin immediately. The production and development of Fritsch products will continue at the site in Markt Einersheim. There Fritsch also has a Technology Centre, where customer tests and the development of customised products and formulations are carried out. The products will be sold via MULTIVAC's worldwide sales and service network.
To this end, the subsidiaries will continue to invest in the expansion of a sales team specialising in the bakery industry, so that in future they will be able to offer customers comprehensive solutions for the production and packaging of bakery products. In addition to the existing management, a MULTIVAC management team will be appointed to run the company, which will continue to manage and develop the Fritsch Group as an independent company.
„We are extremely pleased with the successful takeover of the Fritsch Group and are convinced that our management will make an important contribution to the reorganisation of the company. Fritsch is a leader in the field of bakery machines and has a very good reputation in the market. We see great synergy potential, particularly through the integration of the products into comprehensive solutions from MULTIVAC, which will contribute to the healthy further development of Fritsch,“ continues Mr Fritsch. Guido Spix, Managing Director and Group CTO/COO of MULTIVAC.
The takeover of the Fritsch Group will take place with effect from 1 August 2019, subject to approval by the antitrust authorities.
[infotext icon]Fritsch - the name has been synonymous with high-quality, high-performance systems and pioneering innovations in dough moulding and dough processing in the world of bakery technology for decades. Premium bakery products are produced worldwide with Fritsch machines. From trade to industry: whether dough sheeters, components or complete systems - Fritsch offers economical and technologically sophisticated solutions in all areas. The company is characterised by creative engineering and unconventional solutions. Other success factors include top quality, expertise and employee-orientation. As a future-orientated company, Fritsch places particular emphasis on research and development. The medium-sized company holds the rights to numerous patents. There is a Technology Centre for customers and research purposes. Here, Fritsch systems are tested in a wide variety of practical combinations and new products or recipes are developed together with customers from all over the world. Fritsch's commitment to Germany is part of its corporate philosophy[/infotext].
