Bosch sells packaging technology business to CVC Capital Partners
The company’s packaging division will remain whole through transaction.
Bosch will sell its entire packaging machinery business to a newly incorporated entity managed by Luxembourg private investment firm CVC Capital Partners (CVC).
Bosch announced a year ago it was seeking a buyer for its packaging technology business, including its food and pharmaceutical packaging division. Employing 6,100 associates across 15 countries, Bosch sought for all associates and locations to be retained by the eventual buyer.