BAVARIA Industries Group took over the leading manufacturer of aseptic packaging systems for the food industry from Swiss company SIG in April 2004.
Hamba’s customers’ satisfaction level had fallen sharply due to delays in deliveries and inadequate customer service. As a result, Hamba Filltec reported an operating loss of approximately EUR 50 million in the years 2001 to 2003 and in 2004 – the year of its acquisition by BAVARIA – the order backlog had fallen to its lowest point.
Key measures following the takeover
Following the acquisition by BAVARIA, sales and customer service were improved and further internationalised under Hamba’s new management. It was thus possible to win back strong regional dairies as well as major global milk and yoghurt producers as key customers.
A comprehensive cost-reduction programme was introduced in parallel to this, leading to significant savings on materials procurement and overhead costs. Inventories were reduced on a sustainable basis, as were receivables. Furthermore, the employees made a substantial contribution to the restructuring of Hamba by extending their weekly working hours.