Product category:
Weighing systems, Strain gauges
News Release from: Avery Weigh-Tronix
Edited by the Processingtalk Editorial
Team on 19 September 2007
Avery Weigh-Tronix sells food retail
business
Avery Weigh-Tronix has sold its food retail weighing business, Avery Berkel, to ITW: Avery Berkel will continue to trade under that name
The sale was finalized on 17 September and the process of splitting the two parts of the company is now complete Avery Weigh-Tronix CEO Jerry Bowe commented: "The decision to sell our 'retail' business was not easy, but it was in the best interests of both the Retail and Industrial parts of the company
This article was originally published on Processingtalk on 5 May 2008 at 8.00am (UK)
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This sale allows Avery Weigh-Tronix, which designs, manufactures, sells and services industrial scales, to better focus on its core customers.
We can also continue to push into advanced Industrial weighing technologies, software and solutions.
For the divested part of the company, which will continue to trade as Avery Berkel, a parent company like ITW will allow it to expand its reach in the rest of the world and continue to develop sophisticated retail weighing and food processing products for its current customer base.
The demerger will affect approximately 300 people in the UK and a further 150 worldwide, all of whom officially joined the new company on September 17.
The new company will continue to trade as Avery Berkel and will be led by John Watson, formerly the head of Avery Berkel UK and Avery Berkel North America.
John Watson commented "The acquisition brings even more prospects for Avery Berkel future growth.
With the backing of a proven development-based owner like ITW, our product engineers can now concentrate on what they do best, designing innovative product ranges aimed at maximising the profitable fresh food businesses of our customers".
With the separation of the two businesses, Avery Berkel has become a dedicated retail solutions company, focused solely on developing fresh food weighing systems, software and services for its core retail customers worldwide.
It is one of the best known brands in its market and sells to super-markets, butchers, fishmongers and convenience stores in Europe and the United States.
Based in Smethwick, near Birmingham, UK, it also has operations in Ireland, France, Germany, Austria and the United States.
Avery Berkel also sells its products through distributors in other parts of the world.
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