Food processing and packaging company, Tetra Pak, has acquired Switzerland-based Miteco, which provides production solutions for soft drinks, fruit juices, liquid foods and carbonated soft drinks.
Established in 1982, Miteco is a privately held company with 70 employees across sites in Switzerland, Italy, UK and South America, with its acquisition extending this reach to the more than 170 countries that Tetra Pak has established business in.
"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, executive vice president of Tetra Pak Processing Systems.
“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.”