Brookfield's private equity business has completed its acquisition of the Fosber Group, a transaction that values the corrugated board machinery manufacturer at approximately $900 million. The deal represents a carveout from Guangdong Dongfang Precision, according to Fosber.
Marco Bertola, a company veteran with more than 25 years at Fosber, will continue as Global CEO of the group. Under Brookfield's ownership, the company expects to gain greater access to capital, technology and a global network to accelerate investment in research and development, innovation and growth.
Fosber is a leading global manufacturer of complete production lines and individual machine units for corrugated board manufacturing.
