R&M and DBAG signed a contract to that effect. The purchase price is €61m.
DBAG, based in Frankfurt, is a publicly listed private equity company. With a track record of 45 years, it is among the oldest private equity firms in Germany.
DBAG invests in successful companies whose products and services have gained them outstanding positions in their markets. DBAG has approximately €850m under management.
R&M has owned Romaco since 2001, during which time it supported the company as it went through a significant transition to become a more focused engineering business, developing customer solutions for various forms of drug packaging and delivery systems and complex processing applications.
The deal is conditional upon the approval of the German anti-trust authorities and is expected to be completed by the end of April 2011.
Source: Romaco
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