Market: Machinery and Equipment
October 27, 2015
Oct 28, 2015. /Lesprom Network/. Barry-Wehmiller Companies, Inc. has executed a definitive agreement to acquire the operations of Winkler+Dünnebier GmbH, including POEM (W+D), as the company said in the press release received by Lesprom Network.
The acquisition includes W+D’s operations in Neuwied and Löhne, Germany, along with the U.S. subsidiary, W+D North America and the Malaysian subsidiary, W+D Asia Pacific.
The parties anticipate closing of the transaction to take place end of December 2015 after fulfillment of all closing conditions.
Upon completion of the transaction, W+D, a recognized leader in integrated mail, folded tissue and hygiene solutions will continue its strategic mission to bring leading engineered solutions to its customers.
W+D stands to benefit from Barry-Wehmiller’s strategic and operational resources as well as its ongoing commitment to the mailing, tissue and hygiene industry sectors.
W+D will operate as an independent business unit within Barry-Wehmiller’s Converting Solutions platform alongside Paper Converting Machine Company (PCMC).
W+D joins Barry-Wehmiller’s family of almost 80 companies as part of an organic and acquisition growth strategy that, since 1987, has propelled the company from a $20 million U.S.-based supplier to a $2+ billion global supplier of diversified industrial solutions.
Upon completion of the transaction, W+D will continue to serve its customers from Neuwied and Löhne, Germany and Lenexa, Kansas (USA).
Barry-Wehmiller is a diversified global supplier of engineering consulting and manufacturing technology for the packaging, corrugating, sheeting and paper converting industries.