Mondragon Assembly buys ATP to enter food packaging market

Core Insights - Mondragon Assembly has acquired ATP Engineering & Packaging to enter the food packaging market, focusing on equipment for picking and case-packing processes [1][3] - ATP has been in operation for around 30 years, specializing in packaging machinery and complete line solutions, with annual sales of approximately €12 million ($14.1 million) [2][5] - The acquisition allows Mondragon Assembly to leverage ATP's established client relationships and technical expertise while providing ATP with enhanced resources and international presence [3][4] Company Overview - ATP operates in various industries, including food, hygiene, cosmetics, and household goods, offering automatic packaging systems and engineering services for plant logistics [2] - Mondragon Assembly recorded a turnover of €120 million in 2025, with nearly 80% of its revenue generated from international markets and employs over 650 people globally [5] Strategic Implications - The acquisition is part of Mondragon Assembly's diversification strategy, aiming to create a lasting legacy of innovation and sustainable prosperity [4]