Press Releases

ROVEMA enhances Haniel portfolio

12/01/2017

Leading manufacturer of packaging machines strives for further growth with Haniel

After receiving approval from the responsible antitrust authorities, Franz Haniel & Cie. GmbH (Haniel) acquired a full stake in ROVEMA GmbH from ROVEMA's management team and HQ Equita, HQ Capital's mid-cap buyout firm, on 30 November 2017. ROVEMA is a leader in the development, manufacturing, maintenance and modernisation of packaging machines and systems. Joining the Haniel holding company offers the company a prime opportunity for continued long-term development. The current CEO, Thomas Becker, will continue to helm ROVEMA as its managing director.

The company, which is headquartered in Fernwald, Hesse, and has branches and sales subsidiaries in more than 50 countries, is expected to generate revenue of approximately EUR 100 million in 2017. "ROVEMA's business model is unique in that it combines technological savvy with customer proximity, while providing top-quality hygienic and innovative packaging solutions. ROVEMA is a renowned innovator in this business segment, keeps in step with global megatrends and has enormous potential for growth – both organically and through acquisitions", emphasises Haniel CEO Stephan Gemkow.

Management to leverage growth prospects
Managing director Thomas Becker and the management team will continue to lead the company while working with Haniel to drive forward its rapid, structured growth. ROVEMA will be included in Haniel's consolidated financial statements beginning from December 2017. The parties have agreed to keep the purchase price and other contractual specifics confidential.

Wide range of packaging machines
The innovative company with some 600 employees is a leading manufacturer of dosing, filling, sealing, cartoning and final packaging machines. ROVEMA has positioned itself in the market as a provider of end-to-end solutions: from development and manufacturing to consulting and project management through to installation and acceptance, the company's priority is focussed on its partnerships with customers. The company's range of services also includes complete refurbishment of used packaging machines as well as other services.

For additional information about ROVEMA, please see the enclosed fact sheet.