A private equity firm has acquired a majority stake in The Rovema Group, a provider of packaging machines and lines based in Fernwald, Germany.
Current managing partner Thomas Becker will retain a significant share in the company and will continue to lead the group, after German private equity group Equita took a majority share in the company for an undisclosed sum.
Rovema’s core focus is on sophisticated powder applications such as powdered milk, flour and coffee, as well as lumpy and granular products including pasta and muesli. The company is currently rolling out advanced, high-throughput machines specially developed for packaging frozen foods and snacks. The firm employs 450 people across 13 locations and generated sales of approximately €70m last year.
Equita partner Christine Weiss said: “Our investment focus is on high-growth, profitable and internationally active companies with a clear unique selling proposition. This makes Rovema an excellent fit for our portfolio. We are looking forward to continuing the Rovema success story and supporting the company in its further growth initiatives. Operational business activities remain in the hands of the proven management team.
Rovema managing partner Thomas Becker added: “Equita’s business philosophy makes it the perfect partner to support our long-term growth and market development. We are delighted to have found a strong partner for Rovema in Equita in order to move forward together with the successful development of the company.”
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