One Equity Partners acquires Mauser Industrial Packaging
May 2, 2003 - We proudly confirm, that the industrial packaging specialist Mauser-Werke GmbH & Co. KG of Brühl has been successfully sold as scheduled on Friday, May 2nd 2003 to One Equity Partners (OEP), an investment subsidiary of American Bank One. This represents a further step in OEP's successful acquisitions policy in Germany. Both parties have agreed to maintain silence with regard to the purchase price.
MAUSER's 1,150 employees achieved a turnover of around 300 million euros in fiscal year 2002. Strongest performers are the plastic and metal packaging sectors. Other company divisions include machinery and container systems (notably the Intermediate Bulk Container, IBC). Along with the Greif company in the US and the Schütz-Werke in Germany, MAUSER is one of the world's leading producers of industrial packaging.
MAUSER enjoys an excellent position in the European market. Ten of its eleven subsidiaries are spread among the countries Germany, France, Italy, the Netherlands and Turkey, with one production site located in the USA. Following the merger with OEP, MAUSER plans to press ahead on its international course. The company is now in a promising position to take advantage of the anticipated consolidation of the industry. Within the industrial packaging market, the plastic packaging and IBC segments in particular are experiencing above-average growth rates.
Last year OEP acquired a 100 percent share in the Howaldtswerke Deutsche Werft AG shipyards in Kiel.
RELEASED BY MAUSER-WERKE GmbH & Co. KG