Franz Haniel & Cie. GmbH
Franz Haniel & Cie. GmbH: Haniel acquires leading manufacturer of packaging machines ROVEMA (news with additional features)
DGAP-News: Franz Haniel & Cie. GmbH / Key word(s): Mergers & Acquisitions Haniel acquires leading manufacturer of packaging machines ROVEMA Duisburg, 26 October 2017. Franz Haniel & Cie. GmbH (Haniel) signed a contract on 24 October 2017 for the complete acquisition of ROVEMA. Haniel intends to acquire ROVEMA from the German financial investors Equita GmbH & Co. Holding KGaA and Equita GmbH & Co. CoVest KGaA (hereinafter referred to as “HQ Equita”) and from the CEO of the company, Thomas Becker. ROVEMA is a leading company in the development, manufacturing, maintenance and modernisation of packaging machines and systems. ROVEMA has grown by double-digit percentages in both of the past two years thanks to its diverse and innovative product portfolio and its service offers. Headquartered in Fernwald/Hesse and with branches and sales subsidiaries in over 50 countries, the company is expected to generate sales of around EUR 100 million in 2017. The Haniel holding company offers an outstanding basis for the future development of ROVEMA, which the current CEO Thomas Becker will continue. In addition, he will reinvest in the company. “We are delighted to have acquired ROVEMA, a high-growth and high-margin business with many unique selling points in an attractive market for our portfolio,” says Haniel CEO Stephan Gemkow. “ROVEMA’s business model is unique in its combination of technological skills and proximity to its customers and produces excellent quality for hygienic and innovative packaging solutions. ROVEMA is an established innovator in this business segment, serves global megatrends and also has huge potential – both for organic and inorganic growth.” Customer-focused approach In addition to the head office and production premises in Fernwald, the company currently has locations in Europe, the US and Asia, which means it is active in over 50 countries. ROVEMA supplies customers from various segments of the food industry via this global network of branches and sales subsidiaries. Management delighted with growth prospects “We are convinced that we have found the best owner for ROVEMA in Haniel,” said Christine Weiß, HQ Equita partner, on the signing of the contract. “The holding has demonstrated with Bekaert Deslee and CWS-boco how successfully it develops its portfolio companies. This was what won the bidding process.” Previous investments form good basis for future development It has been agreed not to disclose the purchase price and the further details of the contractual arrangements. The transaction is subject to the approval of the responsible antitrust authorities. Haniel was supported in the transaction by the following advisers: HQ Equita was supported in the transaction by the following advisers: Please see the attached fact sheet for further details about ROVEMA. Contact partners for press Contact HQ Equita Haniel ROVEMA Number of characters: 4.929 Contact: Dietmar Bochert Director Corporate Communications Tel.: +49 203 806-578 E-Mail: DBochert@haniel.de Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=XALIDGVSKJ Document title: Haniel acquires ROVEMA
26.10.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Franz Haniel & Cie. GmbH |
Franz-Haniel-Platz 1 | |
47119 Duisburg | |
Germany | |
Phone: | +49 (0)203 806 578 |
Fax: | +49 (0)203 806 80 578 |
E-mail: | dbochert@haniel.de |
Internet: | www.haniel.de |
ISIN: | XS0482703286, XS0459131636 |
WKN: | 601960, A1A6NE |
Listed: | Regulated Unofficial Market in Stuttgart; Open Market in Frankfurt |
End of News | DGAP News Service |