June 20, 2018

21/06/2018: HQ Equita acquires the leading FAWEMA and HDG to establish The Packaging Group

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.

Read the full article, HERE.

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