HQ Equita has signed an agreement to acquire a majority stake in the Steindl Group, which consists of the leading packaging machine manufacturers FAWEMA GmbH ("FAWEMA") and HDG Verpackungsmaschinen GmbH ("HDG"). These companies together will now operate as The Packaging Group.

The Steindl Group's previous Managing Partner, Peter Steindl, who acquired FAWEMA in 2006 and HDG in 2011, will continue to hold a significant stake in the newly founded TPG Holding GmbH and will play a central role in its operations. Friedbert Klefenz, former CEO of Bosch Packaging, will complete TPG's Advisory Board as a competent industry expert. Mr Klefenz invests in TPG Holding along with the company"s further management. In addition, Markus Hüllmann, former board member of GEA Group AG, will enhance the Advisory Board.

FAWEMA, founded in 1920 and based in Engelskirchen, and HDG, founded in 1984 and based in Lindlar, already hold leading competitive positions in their respective markets. They specialise in the development and manufacturing of packaging machines for filling dry, free-flowing bulk materials into various types of paper or plastic laminate bags. The machines offer packaging solutions for flour, sugar, baking mixtures, confectionery, animal feed and various chemical products. The product portfolio includes servo- and cam-controlled horizontal form, fill and seal machines with rotary system (HDG), as well as servo-controlled high-performance packaging machines with chamber transport, and vertical, intermittent and continuous form, fill and seal machines (FAWEMA). The product range is completed by appropriate dosing and levelling systems. The service and spare parts business also accounts for around a quarter of TPG"s sales. With Mr Steindl"s operational expertise, Mr Klefenz's strategic competence and industry network, as well as HQ Equita's financial strength, TPG"s sales and service networks will be strengthened internationally, the aftermarket business will be accelerated and new machine solutions for additional applications will be developed, thus diversifying the product portfolio. The strategy will be enhanced by targeted acquisitions to expand technical expertise, end applications and geographical reach.

Peter Steindl, former Managing Partner of the Steindl Group and designated Chief Executive Officer of TPG, underlines the industrial logic of the transaction: "With HQ Equita and Friedbert Klefenz as well as Markus Hüllmann we have found the ideal partners for FAWEMA and HDG to take the next big step, with both companies now operating as The Packaging Group to create a global platform."

Friedbert Klefenz, designated Chairman of the Advisory Board of TPG, adds, "I look forward to using my experience and my network to continue the success stories of FAWEMA and HDG as The Packaging Group. The attractive and rapidly growing packaging machinery market is characterised by consolidation tendencies. I see great potential in the M&A area in particular."

Hans J. Moock, Managing Director of HQ Equita, emphasises that the transaction documents HQ Equita"s broad experience in the packaging industry, "We are very pleased to have won two top companies with strong positions in their markets, FAWEMA and HDG."

Christine Weiß, Partner of HQ Equita adds, "We know the packaging machinery market very well and have already shown that we are able to successfully exploit attractive growth opportunities and global trends, such as the increasing importance of flexible packaging solutions."

The parties have agreed not to disclose the purchase price and other details of the contractual agreement. The closing of the transaction is expected for the second half of June.

Visit the HQ Equita website, HERE.

Visit the FAWEMA website, HERE.

Visit the HDG website, HERE.

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