Coesia Group to acquire Molins Instrumentation e Tobacco Machinery business
We are pleased to announce that Coesia has signed an agreement for the acquisition of the entire Instrumentation & Tobacco Machinery business currently owned by Molins PLC, subject to customary pre-closing conditions.
With 2016 revenues of approximately GBP 40 million, headquartered in Milton Keynes (United Kingdom), the Instrumentation & Tobacco Machinery division is a global player in the design, development and manufacturing of secondary tobacco processing machinery, under the brand name Molins, as well as a leading player in process and quality control instruments and analytical smoke constituent capture machinery, under the brand name Cerulean. Following the acquisition, both Molins and Cerulean trademarks will be transferred to Coesia.
Molins PLC, an international group, listed on the London Stock Exchange, will retain post transaction its business in packaging solutions and aftermarket services for the fast moving consumer goods, healthcare and pharmaceutical sectors.
“The acquisition of the Instrumentation & Tobacco Machinery business represents a further step for Coesia in strengthening its leadership in the tobacco machinery industry as well as increasing its product offering in the instrumentation segment. The globally known Molins brand will allow Coesia to further enhance its portfolio in the packaging industry for the tobacco market” said Angelos Papadimitriou, Chief Executive Officer of the Coesia Group.
Coesia is a group of innovation-based industrial and packaging solutions companies operating globally, headquartered in Bologna Italy, fully owned by Isabella Seràgnoli.
The Group has 89 operating units (52 of which with production plants) in 32 countries, a turnover of 1,457 million Euro and over 6000 employees