Strengthening Dätwyler's Food & Beverage (F&B) portfolio through the asset-light acquisition of a 51% stake in Capsul’in, a renowned innovator in coffee capsule solutions.
Utilizing complementary strengths by combining Dätwyler’s expertise in materials and industrialization with Capsul’in’s solution design and R&D capabilities.
Promoting Dätwyler's strategic expansion into structurally growing, less cyclical end markets.
Ensuring continuity and minimal integration effort by retaining the founders of Capsul’in in leadership roles.
Dätwyler Holding AG (Dätwyler), a global manufacturer of high-quality and mission-critical components, has signed an agreement to acquire 51% of Capsul’Invest SA and Brain Corp SA (collectively Capsul’in), a leading provider of aluminium coffee capsule solutions based in Luxembourg with an annual revenue of approximately 90 million euros. Additionally, the parties have agreed on a call option allowing Dätwyler to acquire the remaining 49% by mid-2029 at the latest, with the current management team continuing to lead the company, ensuring operational continuity and driving further growth through an earn-out structure. As Dätwyler has already been manufacturing the majority of Capsul’in's volumes on its own production lines at the Schattdorf site in Switzerland for several years, the transaction will lead to an increase in consolidated net sales in the mid-double-digit million CHF range post-closing due to the elimination of internal sales. The transaction is fully self-financed and will not significantly affect Dätwyler's net debt. Completion of the transaction is expected in the first quarter of 2026. The purchase price will not be disclosed.
The transaction strengthens Dätwyler’s position in the fast-growing coffee capsule market, where Capsul’in is known for its strong innovation capabilities, customer proximity, patented designs, and rapid growth. It provides Dätwyler with direct access to innovation and development skills, as well as the ecosystem of leading coffee capsule manufacturers, complementing Dätwyler’s core competencies in material technology and product industrialization. This combination enhances Dätwyler’s ability to provide high-performance solutions and supports strategic expansion into structurally growing, less cyclical end markets. Dätwyler’s F&B business continues to grow thanks to long-term partnerships and stable demand.
'The acquisition of Capsul’in is the natural next step in our partnership and strengthens our leadership position in attractive niche markets. By combining Capsul’in’s solution design, market access, and proprietary technology with Dätwyler’s product industrialization and material expertise, we enhance our innovation capabilities and secure long-term growth in an attractive business with continuous customer demand.' - Volker Cwielong (CEO)
The transaction secures Dätwyler’s continued participation in the growth of the Nespresso-compatible aluminium capsule segment and allows for additional opportunities through diversification into new formats as well as compostable and bio-based solutions.
'Dätwyler has been our reliable partner for many years. The global presence, technical depth, and strong financial base provide the ideal foundation to further scale while ensuring continuity for our employees, operations, and over a hundred customers. We are firmly committed to driving the next growth phase together.' - Laurent Lombart (Co-founder and CEO of Capsul’in)
The market segment for aluminium capsules continues to grow structurally— the Nespresso-compatible aluminium capsule segment is expected to grow by approximately 3-5% per year in the coming years. Growth drivers include premiumisation, increasing performance demands, and the shift from plastic to aluminium in Europe. The upcoming EU regulation on packaging and packaging waste strengthens aluminium due to its recyclability, while plastic formats are subject to increasing regulatory pressure. This dynamic increases the need for highly precise, reliable suppliers. Dätwyler already operates one of the world's largest production facilities for aluminium capsules at an industrial scale and benefits from a high level of familiarity in day-to-day operations and minimal integration effort. This strengthens the company’s role as a leading supplier in a market that highly values innovation, quality, and scalability.
Enquiries:
Katharina Immoor
SVP Corporate Communications & Investor Relations
katharina.immoor@datwyler.com
+41 79 734 47 56
Guido Unternährer
VP Financial Communication & Investor Relations
guido.unternaehrer@datwyler.com
+41 41 875 19 00
This article was originally published on 19.12.2025 on the Dätwyler Holding AG website.