Romaco Group has been sold by Robbins & Myers to the private equity company Deutsche Beteiligungs AG (DBAG), in a 61 million euro management buyout.
“Romaco creates an excellent opportunity for us to invest in one of the most attractive and strongly growing segments in Europe’s mechanical engineering sector,” says DBAG board member Dr Rolf Scheffells. “In partnering with Romaco’s management, we aim to take a major step forward in the group’s internationalisation.”
In the hands of R&M since 2001, Romaco has developed solutions for various drug packaging and delivery systems and complex processing applications.
The deal is conditional on the approval of the German anti-trust authorities and is expected to be completed by the end of April 2011.
