ProXES has acquired FrymaKoruma Group by ProXES Holding
ProXES (Processing and Expert Engineering Service) Holding GmbH (“ProXES”), a portfolio company of Deutsche Beteiligungs AG (“DBAG”), has acquired FrymaKoruma Group.
The Romaco Group is selling its stake in FrymaKoruma AG (Rheinfelden, Switzerland) and FrymaKoruma GmbH (Neuenburg) to a new umbrella corporation within the Deutsche Beteiligungs AG (DBAG Frankfurt).
The companies Stephan Machinery (“Stephan”) and FrymaKoruma will cooperate under the new umbrella corporation ProXES. Both companies have strong brands in the area of food, pharmaceutical and health care technology, and they also see an excellent complement to their previous applications and their market presence in their common future. A clear focus on process technology will ensure a stronger market position under the common umbrella corporation. Therefore, the DBAG portfolio company ProXES is acquiring the entire stake in FrymaKoruma (AG and GmbH) from the Romaco Group.
Stephan designs and builds machines for food production processes. Stephan employs a staff of 180, of whom 120 work in production, assembly and engineering at its headquarters in Hameln. Its machines provide cutting-edge technology and are used for thermal processing of liquid or semi-liquid food products such as sauces, soups or baby food.
FrymaKoruma is one of the leading international companies offering materials processing machines and processing installations. At the moment, there are over 23,000 of FrymaKoruma’s machines in use in more than 180 countries.
Lincoln International acted as exclusive debt advisor for DBAG on the acquisition financing.
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