In the course of a capital increase, the Poly-clip System Group in Hattersheim, Germany, acquired a majority stake in the CaseTech Group, which has its headquarters in Bomlitz, Germany. CaseTech and Poly-clip are suppliers of the global meat processing industry and expect to achieve substantial synergies through their future cooperation, particularly in sales. The previous sole shareholder, Equita GmbH & Co. Holding KGaA, Bad Homburg, will remain a shareholder of the CaseTech Group with a substantial stake. Operational responsibility will remain with the current management. The transaction was closed in July, 2015. Terms of the transaction were not disclosed.
Pericap had initiated takeover talks with the seller on behalf of Poly-clip System Group and acted as exclusive M&A adviser to the buyer on all aspects of the transaction.
About Poly-clip System Group
Poly-clip is the world’s leading manufacturer of clip closure solutions, and stands for innovation, reliability and safety. The product and services system comprises a wide range of innovative solutions, including clipping machines, packaging machines and automation solutions as well as consumables such as clips and loops. The company supplies the food industry worldwide with clip closure systems used mainly for packing meat and sausage products. With a 50% market share, it is the global leader in terms of sales and technology in its segment.
About CaseTech Group
CaseTech is a global manufacturer of top-quality, state-of the art sausage casings, which it supplies to the meat processing industry and the butcher’s trade. The company specializes in cellulose fibrous casings as well as premium plastic casings. CaseTech sets itself apart with excellent service and expert advice. In addition to the corporate headquarters in Bomlitz, the company operates sites in Legnica (Poland) and Willowbrook (USA). In Legnica it produces plastic sausage casings.
About Equita
Equita stands for continuity in the long-standing Harald Quandt family tradition of investing in medium-sized companies in the German-speaking countries. Since 1992 Equita has made equity investments totalling €830 million in 30 different companies.
About Pericap
Pericap is an independent M&A advisory boutique focused on providing strategic, transaction-related services to young growth companies, established market leaders, and reputable financial investors.
For further information about Pericap, please visit www.pericap.com