Tetra Pak 'reaped benefit' from acquired Danish filtration business in 2014
In its round-up of its financial results for the year ended December 31 2014, published today, Tetra Pak said it has profited already from the "expertise and reputation" held by DSS Silkesborg.
Tetra Pak acquired Danish membrane filtration technology manufacturer, DSS Silkesborg, in September 2013.
DSS Silkesborg, established in 2000, designs, manufactures and markets a range of membrane filtration systems for the dairy sector.
Prior to its acquisition by Tetra Pak in 2013, it had supplied the likes of FrieslandCampina, Kraft Foods, and Norwegian dairy TINE.
Its standing "played a key role in securing the largest processing order in Tetra Pak's history, a dairy and whey powder plant in Germany," said Tetra Pak.
"Disappointing year"
Despite a "further softening of global GDP and rising competition within the liquid food packaging sector", Switzerland-based Tetra Pak achieved net sales of €10.9bn (US$11.85bn) for 2014 - down from €11.1bn (US$12.1bn) in 2013.
Its packaging solutions business reported net sales of €9.4bn (US$10.2bn) - down from €9.6bn (US$10.4bn) in 2013.
Within the unit, "strong growth" in capital equipment and technical sales offset a "disappointing year" for packaging material.
"Against the backdrop of a tough year, with slower packaging material growth than originally expected, we saw clear evidence that our business strategy is working," said Dennis Jönsson, president and CEO, Tetra Pak.
"Capital equipments sales reached almost €2bn and technical sales topped €1bn for the first time in the company's history."
Its processing business meanwhile "closed the year with a record high order backdrop, up 20% compared with the end of 2013."
Looking ahead, Jönsson added: "2015 will undoubtedly be another demanding year, but we are confident that our strategic direction will continue our market position and bring us further success in both packaging and processing."
