Bosch Packaging Technology has rebranded as Syntegon Technology, which will activate as an independent enterprise.
The company’s business focus is on intelligent and sustainable technology for the food and pharmaceutical industries.
Syngenton Technologies employs 6,1000 people at more than 30 locations worldwide. It posted EUR1.3bn in sales in 2019. Bosch disclosed its plans to sell the packaging machinery division to a newly incorporated entity managed by CVC Capital Partners, a private equity and investment advisory firm, in July 2019. The transaction was completed according to plan, with the company gaining full independence at the turn of the year.
Syntegon’s mission statement is “Processing and packaging technology for a better life!”. To this end, a new corporate brand was developed over the past few months. The name Syntegon stands for synergy, technology, and focus on the future. The new corporate color green underscores the importance of sustainability and health. The square in the newly designed logo symbolizes a package as well as packaging technology’s ability to protect products.
We are building on 150 years of experience and the 64,000 machines deployed by our customers and pursuing new avenues of business. Now, more than ever before, we are working on intelligent and sustainable technologies and embracing the collaboration with our business partners in the true spirit of partnership,” noted Chairman of the Executive Board Dr. Stefan König.
The enterprise is said to be pursuing two approaches to produce sustainable packaging – one is to use mono materials rather than conventional multilayer films, and the other is to use paper packaging as an alternative to plastic. Syntegon Technology supports its customers on the path to a sustainable future with material testing, machine applications, and innovative packaging designed to meet the requirements of products, transport modes, and regional circumstances. The company has also significantly reduced its machines’ energy consumption.
Pictured in the image above: Syntegon Technology’s Chairman of Executive Board Dr. Stefan König.