Partnerfonds AG: Blue Cap AG and Partnerfonds AG subsidiaries kick off successful partnership: romwell and Planatol to sign framework agreement
Munich/Planegg, 12 July 2019 – We are pleased to announce that Planatol GmbH, a wholly owned subsidiary of Blue Cap AG, and romwell GmbH & Co. KG, a wholly owned subsidiary of PartnerFonds AG, signed a strategic business agreement on 9 July 2019. romwell, a packaging specialist based in Breitscheidt (Westerwald), has signed an agreement to purchase the glues needed for producing its cushion packaging (cold and hot glue) from Planatol, a glue manufacturer headquartered in Rohrdorf near Rosenheim. Both companies have plans to substantially increase their business volume in the future.
Through their collaboration, the two subsidiaries will exploit potential synergies for their mutual operations and affiliates resulting from the business relationship between PartnerFonds AG and Blue Cap AG.
Oliver Kolbe, CEO of PartnerFonds AG, welcomes the collaboration between the two subsidiaries. “We are truly pleased with the newly emerging business relationship between romwell und Planatol, for which we have laid the foundation,” he says. “This agreement is a good starting point for the potential exploitation of useful synergies between subsidiaries or affiliates of PartnerFonds AG and Blue Cap AG; it demonstrates that we seek to optimise our organisations by aligning with each other.”
About romwell GmbH & Co. KG
romwell was founded in 1991 and has been an independent subsidiary of the industrial holding company PartnerFonds AG since 2018. For more than 28 years, romwell has been a developer and manufacturer of specialised packaging solutions based on eco-friendly, recyclable corrugated cardboard, supplying industrial customers in a variety of industries. Being the inventor of the "twistpac" packaging system, romwell also offers a wide product range of cushions made of laminated corrugated cardboard as well as membrane cushion packaging.
About PartnerFonds AG
As an industrial holding company of the SME sector, PartnerFonds AG - and its public subsidiary Blue Cap AG (WKN: A0JM2M) - invest in medium-sized enterprises with an industrial focus and a high growth potential. In line with this “buy, hold & develop” strategy, our subsidiaries are independent business entities operating under the umbrella of PartnerFonds AG to form a strong group of medium-sized companies with an industrial bias. Investments are focused on majority stakeholdings of companies in the German-speaking region. Our target companies typically achieve sales revenues in the range of EUR 10 to 50 million and boast a profitable and robust core business. www.partnerfonds.ag
82152 Planegg/Martinsried, Germany
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