The Acquisition Will Enable Expansion of Geographic Reach and Product Offerings
January 24, 2024 – (APPLETON, WI) – CMD Corporation, a leading capital equipment manufacturer in the film converting and alternative energy markets, has successfully acquired FAS Converting Machinery, a global manufacturer of machinery for plastic film converting, located in Arlöv, Sweden.
The acquisition of FAS Converting Machinery is a significant step forward for CMD as it aims to enhance the company’s ability to serve its customers by expanding its geographic reach and offerings. Alignment of the two market leaders will amplify their capabilities, innovation, and service.
“We are extremely excited to welcome the FAS Converting Machinery team to the CMD family,” said Hans Bachmeier, CMD President. “FAS Converting Machinery has built a strong reputation for providing high-quality converting machinery, and their expertise will be a valuable addition to our team as we continue to grow. CMD and FAS fit well together, as many of our products, customers, and suppliers are in sync.”
Aldijana Mehanovic, who currently serves as Managing Director for FAS Converting, will continue to oversee its operations.
“The alignment of our businesses and products, along with our shared knowledge of film converting, is only going to facilitate more innovation and help us to position our customers for more efficiencies and greater success,” said Aldijana Mehanovic, FAS Converting Managing Director. ” We are excited not only about the opportunities this will present for our customers but also for our team members.”
About FAS Converting
FAS Converting is a Swedish equipment manufacturer founded in 1978. They develop, design, assemble, install, and support machines for converting plastic films. Today, FAS Converting has a broad product range, including industrial winders with or without perforators for pallet covers, agricultural film, sheeting to bag converting lines for food-, freezer- and garbage bags. They install and support their systems globally and are headquartered in Arlöv, Sweden. More information is available at www.fasconverting.com
ABOUT CMD
CMD is a capital equipment manufacturer in the film converting and alternative energy markets. Built on a culture of integrity, we innovate unmatched profitable solutions for our customers and provide life-long service and support to the markets we serve. CMD designs and manufactures high-performance equipment for the plastic converting industry, including pouch packaging converting systems and patented, high-speed rotary bag and film converting lines. Custom engineering, process validation and machine optimization services are part of a consultative approach to customer care. Remote service technology and advanced data analytics for preventive maintenance and proactive production efficiency are advanced services that set CMD apart from other OEMs. The company serves a global marketplace through a network of sales and service associates worldwide. Equipment is manufactured to exacting standards at USA facilities. More information is available at www.cmd-corp.com and www.cmdenergy.com
Top: Hans Bachmeier, CMD President and David Pierre, CMD CFO signs FAS Converting acqusition. Bottom: Employees at FAS Converting celebrate the acqusition with the CMD Leadership team. |
