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Acquisition

DUBAG Group has acquired Ampack GmbH and Osgood Industries from CVC-backed Syntegon

1:14 min Management
Munich, Germany

DUBAG Group is proud to announce the closing of its first transaction within their exclusively managed LEO III fund shortly following the start of the investment phase.

Syntegon, a group specialized on processing and packaging technologies with over 6,300 employees worldwide and a portfolio company of private equity firm CVC, selected the DUBAG and the LEO III fund as new home for its subsidiaries Ampack GmbH, based in Koenigsbrunn, Germany, and Osgood Industries LLC, located in Oldsmar, Florida, USA.

Positive prospects for Ampack and Osgood

Ampack and Osgood develop forming, filling and sealing machines for cups and bottles used by dairies and food manufacturers to package liquid and viscous foods to the highest hygiene standards. Use cases include dairy products, yogurt, dips, and delicatessen salads. “Ampack and Osgood are strong companies in an attractive market with long-term growth potential,” says Dr. Michael Schumann, CEO of DUBAG Group. “Both companies have an excellent reputation for quality, product range, and expertise. We will work to take their business forward in the coming years and make it even more competitive.”

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For Syntegon, on the other hand, the sale of its two subsidiaries is the next step in focusing on its key business. “I am convinced that Ampack and Osgood with their more than 2,800 machines installed at many customer sites around the globe will have a good chance for substantial and sustainable growth with DUBAG,” says Torsten Tuerling, CEO of Syntegon. “We are glad to have found a new owner with a clear strategy to develop this already successful business further.”

Syntegon to further focus on core food business

Besides technologies and services for the pharmaceutical industry, the core business of Syntegon consists of innovative horizontal and vertical processing and packaging technologies for dry food. The sale of Ampack and Osgood enable the group to fully focus on its core business.

www.dubag.eu   www.ampack.biz    www.syntegon.com

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