Thiele Technologies to acquire Nigrelli Systems |

Thiele Technologies to acquire Nigrelli Systems

MINNEAPOLIS, Minn. — April 2, 2008 — Robert H. Chapman, chairman and CEO of Barry- Wehmiller Companies, Inc., and Larry Smith, president and CEO of Thiele Technologies, Inc., have announced an agreement to acquire the intellectual property and certain assets of Nigrelli Systems, Inc. of Kiel, Wisconsin. This is the latest in a series of strategic acquisitions over the past two years that have positioned Thiele as a leading provider of comprehensive packaging equipment, systems and solutions, with annual revenues totaling nearly $80 million.

For more than 50 years, Nigrelli Systems has been a leading supplier of high-speed continuous motion packaging and tray handling systems for a diverse array of industries, including brewing, soft drinks, foods, bottled water, dairy, pharmaceutical, petrochemical and pet care. Nigrelli systems are known for their reliability and performance across a broad range of container types and packaging configurations.

Thiele Technologies was formed in 1998 following Barry-Wehmiller’s acquisition of Bemis Packaging Machinery Company and that company’s subsequent integration with Thiele Engineering, Master Palletizer and Frontier Packaging. Thiele’s recent acquisitions of Edmeyer dairy systems, Streamfeeder and SWF/Salwasser have made the company a well-balanced supplier of end-of-line packaging systems for a wide range of domestic and international markets.

Commenting on the acquisition, Smith said, “Thiele’s acquisition of the Nigrelli Systems product line provides a unique synergy of technologies, capabilities and market experience. Nigrelli’s high-speed, continuous motion equipment is the perfect addition to the Thiele family of packaging equipment, systems and solutions. Thiele’s strong market presence and support services will provide exceptional added value to Nigrelli customers.” Thiele is an industry-leading provider of systems for cartoning, case packaging, bagging, palletizing and feeding. The addition of the Nigrelli line will expand Thiele’s product offerings to include high-speed beverage tray packers for cans and bottles, high-speed shrink bundling and tray machinery, printed roll stock shrink bundling machinery, bottled water packers, plastic tray denesters, and pallet shuffle systems.

Thiele will now manufacture Nigrelli’s high speed beverage cartoning and tray packaging line and other products at Thiele’s Minneapolis, Minn., and Reedley, Calif., locations. All Nigrelli engineering, sales and aftermarket support associates will join Thiele and remain with the Nigrelli product lines.

About Thiele Technologies
Thiele Technologies, Inc. provides advanced high-speed automation solutions to a variety of industries around the globe, including petrochemicals, fresh and frozen food, pet food, beverage, dairy, bakery, pharmaceutical, medical devices, cosmetics, horticultural, paper goods, consumer mailing and collating, and paint filling. With more than 70 years of service, Thiele leads the industry in the design, manufacture and integration of placing, bagging, cartoning, case packing and palletizing systems.

Barry-Wehmiller Companies, Inc. is a diversified global supplier of packaging, corrugating, and paper converting technology, as well as engineering consulting services, across a broad spectrum of industries. Barry-Wehmiller’s balanced approach to the market is made possible through 10 interactive divisions: Accraply, a leading manufacturer of automatic labeling systems; Barry-Wehmiller Company, manufacturing bottle washers and pasteurizers for more than 120 years; Barry-Wehmiller International Resources (BWIR), a pioneer in the creation, development, and integration of advanced information technology and engineering solutions; Design Group, a premier supplier of manufacturing automation, facility design, and other engineering consulting services; FleetwoodGoldcoWyard, a leading producer of advanced conveyance technology and material handling equipment; HayssenSandiacre, a form/fill/seal technologies and services leader for more than 100 years; MarquipWardUnited, a leading manufacturer of equipment for the corrugated and folded carton industries; Paper Converting Machine Company (PCMC), providing advanced converting, printing, and packaging technologies for the tissue, nonwovens, and flexible packaging industries since 1919; PneumaticScaleAngelus, a global provider for filling, capping, can seaming, labeling, and centrifugation; and Thiele Technologies, a leading supplier of placing, bagging, cartoning, case packing, and palletizing equipment.

In fiscal year 2008, a combination of organic and acquisition growth is expected to grow Barry- Wehmiller’s annual revenues to more than $1 billion for the first time in the company’s 122-year history, with more than $300 million in markets outside the U.S.
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