Tetra Pak 'reaped benefit' from acquired Danish filtration business in 2014

By Mark ASTLEY contact

- Last updated on GMT

Tetra Pak 'reaped benefit' from acquired Danish filtration business in 2014

Related tags: Tetra pak, Business

Tetra Pak has already "reaped benefit" from its 2013 acquisition of Danish membrane filtration technology manufacturer, DSS Silkesborg. 

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.

Tetra-Pak-strengthens-dairy-filtration-tech-portfolio-through-DSS-acquisition_strict_xxl

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."

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