PartnerFonds AG acquires established packaging producer romwell
Planegg/Breitscheidt, 29 March 2018 – PartnerFonds AG, an investment company based in Planegg/Munich, acquires all business interests of romwell GmbH & Co. KG, an acclaimed producer of industrial packaging solutions.
The takeover of this company from the founding family marks already the second acquisition completed by PartnerFonds AG within the past four months, further strengthening the asset portfolio of PartnerFonds group. The parties have agreed not to disclose the purchase price. The purchase agreements were signed in the presence of a notary public, with the transaction scheduled for completion by the end of April 2018.
romwell is a developer of customer-specific packaging concepts. At its operational site in Breitscheidt, with a staff of approximately 100 employees, the company has been producing packaging solutions as well as related packaging systems and equipment for industrial use for more than 25 years.
Oliver Kolbe, CEO of PartnerFonds AG, said: “We are highly pleased with the successful acquisition of romwell. The company boasts an impressive track record of many years in an industry where we expect to see substantial growth in the near future. Moreover, this acquisition highlights our strategy as an industrial holding company and our advancement into a leading investment holding company for medium-sized enterprises within the German-speaking region.”
Oliver Krogh, Executive Director of romwell, commented on the new partnership: “romwell is firmly positioned as a provider of innovative and individual solutions for safe and eco-friendly packaging to customers in many sectors and industries. With PartnerFonds AG as our long-term investor, we will be able to further improve our market position and competitiveness, secure profitable growth as well as reach new customer areas.”
Frank Schilling, Executive Director and Managing Partner of romwell, said: “In our opinion, which we share with all our employees, we have found a long-term-oriented and industry-experienced owner in PartnerFonds AG who will deliver consistent growth to our previously family-run business.”
About PartnerFonds AG
PartnerFonds AG invests in medium-sized enterprises in the German-speaking region with a focus on acquiring majority stakeholdings. As an industrial holding company, PartnerFonds AG invests in medium-sized enterprises with an industrial background, seeking to secure their long-term stability and advancement. In line with this growth strategy, our subsidiaries are independent business entities operating under the umbrella of PartnerFonds AG to form a strong group of medium-sized enterprises capturing significant synergies.
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