Deutsche Beteiligungs AG (DBAG) has sold 75.1 percent of its shares in the Romaco Group to the Chinese Truking Group (Truking) as of 2 May 2017. DBAG's remaining shares are to be sold within the next three years. The transaction is still subject to regulatory approval
The German private equity company DBAG, based in Frankfurt am Main, acquired the Romaco Group from the US stock exchange group Robbins & Myers, Inc. in April 2011. As a DBAG portfolio company, the Romaco Group increased its annual turnover by almost 50 per cent to 134.3 million euros for the 2016 financial year.
Development since 2011
Four transactions were successfully completed in the period from 2011 to 2017, including the strategic acquisitions Romaco Kilian GmbH, Romaco Innojet GmbH and the integration of Medipac AB into Romaco Siebler as well as the sale of the Romaco subsidiary FrymaKoruma. The Romaco Group also opened five Sales & Service Centres in China, France, Russia, Brazil and the USA with the support of DBAG. As a DBAG portfolio company, the Romaco Group has developed into a leading provider of packaging and process technologies for the pharmaceutical industry.
Truking Group
Truking was founded in 2000 and today employs around 2,600 people. The manufacturer of systems and equipment for the pharmaceutical industry generated an annual turnover of around 154 million euros in 2016. Technologies for Processing and filling of sterile and non-sterile pharmaceutical liquids form the core competences of Truking. Truking's portfolio and Romaco's range of services focussing on the production and packaging of pharmaceutical solids complement each other.
„We have had very positive discussions with the new owner regarding the future of the Romaco Group and are convinced that Truking is the right partner to take our Group beyond internal and External growth to develop further. Both the product portfolio and the regional strengths of the two companies complement each other perfectly and do not overlap. There are also very interesting opportunities for Romaco in China. Growth prospects. Romaco will also retain full entrepreneurial freedom of action. This autonomy extends across the entire value chain, from product development to customer service. The importance of the Romaco Group's globally recognised brands will also be further enhanced. Romaco's four production sites in Germany and Italy as well as the global Sales & Service Centres will continue to be strengthened by the new ownership structure through targeted investments“, explained Paulo Alexandre, CEO Romaco Group.
