Danfoss announces intent to acquire German compressor manufacturer BOCK Gmbh to strengthen expertise in CO2 and natural refrigerants technology

  • BOCK GmbH, originally founded in 1932, is a technology and innovation leader in its field and offers one of the world’s largest portfolios of semi-hermetic compressors for natural refrigerants
  • With the acquisition, Danfoss is investing significantly in broadening its scope of sustainable, clean technologies to speed up the green transition in commercial refrigeration systems 
  • The transaction is subject to regulatory approval and is expected to close no later than Q1 2023

Bangalore: Danfoss has announced the intent to acquire compressor manufacturer BOCK GmbH, headquartered in Frickenhausen, Baden-Württemberg, Germany, from NORD Holding GmbH.

With over 50 years of history and assets under management of € 2.5 billion, NORD Holding is one of the leading private equity asset management companies in Germany.

Developing compressors for the natural refrigerant CO2 since 1993, BOCK is a global technology leader in the field of environmentally friendly, economical compressors.

According to the International Institute of Refrigeration, refrigeration technology and air conditioning take up about 15 % of the electricity consumption worldwide, making the quest for energy efficient solutions ever more relevant. Intelligent solutions, combining high energy efficiency and low-GWP refrigerants, both natural and synthetic, are the road to sustainable refrigeration and air conditioning. By acquiring BOCK GmbH, Danfoss takes a proactive approach to further the development and use of low-GWP refrigerants to help abate global warming and to ensure the competitiveness of the industry.

At Pack Expo, TeknoPlex Consumer Products to Give Sustainability-focused Presentation on Innovation Stage

“Rethink Responsibly” highlights company’s materials diversity-driven approach to optimizing sustainability.

Wayne, PA – TekniPlex Consumer Products, a globally integrated provider of innovative solutions through materials science and manufacturing technologies, will host a presentation highlighting its materials science-based approach to sustainability at Pack Expo in Chicago. On Sunday, October 23 at 3:00 p.m., on Innovation Stage 1 (Stand N4560), the company will present Rethink Responsibly, which discusses a variety of challenges surrounding one of packaging’s most complex, all-encompassing topics.

“Rethink Responsibly” has become a mindset for TekniPlex. The half-hour presentation will provide an overview of this concept, which commits to continually considering what it means to provide responsible solutions to customers, their consumers, and the planet. The approach reflects the company’s promise to perpetual progress across materials science design innovation, supply chain and operational efficiencies, materials reduction, closed loop manufacturing, and promotion of bio-based and post-consumer recycled (PCR) resins, among other areas relevant to sustainability.

Oscar Martin SVP of Global Innovation for TekniPlex

The presentation will be delivered by a pair of executives well versed in the sustainability space. As TekniPlex’s Senior Vice President of Global Innovation, Oscar Martin works with cross-functional teams, executive leaders, and customers to drive innovation strategy and long-term growth.

Greg Ambrog, Vice President of Sales

Martin’s co-presenter, Vice President of Sales Greg Ambrogi, steers efforts to create sustainable solutions that reduce environmental impact while maximizing manufacturability, performance, and end-user experiences.

The presentation also will introduce an expanded product line that TekniPlex Consumer Products is debuting at Pack Expo. The company’s GeoPack portfolio comprises a broad spectrum of product families meeting defined criteria for sustainability. These criteria comprise varying combinations of materials science sustainability’s “4 Rs” – reduce, recycle, reuse and renew – including biodegradable or compostable materials, post-consumer recycled content, recyclability, renewable substrates, and legislation compliance. The goal is to deliver solutions tailored toward customers’ sustainability metrics, including providing information on specific products’ environmental impact.