HQ Equita, the direct investment company of HQ Capital, is acquiring a majority stake in the Steindl Group, which consists of the packaging machine manufacturers FAWEMA GmbH („FAWEMA“) and HDG Verpackungsmaschinen GmbH („HDG“). The companies are to trade as The Packaging Group in future.
The previous managing partner of the Steindl Group, 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 the operational business. With the former CEO of Bosch Packaging, Friedbert Klefenz, Mr Klefenz, a competent industry expert, has joined TPG as Chairman of the Advisory Board. Mr Klefenz will participate in TPG Holding alongside the company's other management. In addition Markus Hüllmann, former member of the Executive Board of GEA Group AG, will join the Advisory Board.
„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 as The Packaging Group and create a Packaging group with a global platform to create,“ explains Peter Steindl, former Managing Partner of the Steindl Group and future Chief Executive Officer of TPG.
Specialised in bottling
FAWEMA, founded in 1920 and based in Engelskirchen, and HDG, founded in 1984 and based in Lindlar, specialise in the development and manufacture of Packaging machines for filling dry, free-flowing bulk goods into various types of paper or plastic laminate pouches. The companies' product portfolio includes servo and cam-controlled horizontal form, fill and seal machines with rotary systems (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 complemented by corresponding Dosing and levelling systems rounded off. Around a quarter of TPG's turnover is also attributable to the Service and spare parts business. Targeted acquisitions to expand technical expertise, end applications and geographical reach are being strategically planned.
