The Romaco Group is selling its stake in FrymaKoruma (Rheinfelden, Switzerland) and FrymaKoruma (Neuenburg) to a new umbrella corporation within the Deutsche Beteiligungs (DBAG Frankfurt).
“During more than ten years in affiliation with the Romaco Group, FrymaKoruma developed very well. Through this transaction, Romaco will focus even more on the development of its competences, especially in the pharmaceuticals market,” says Paulo Alexandre, Chief Executive Officer, Romaco Group.
The companies Stephan Machinery (Hameln) and FrymaKoruma will cooperate under the new umbrella corporation ProXES. Both companies have strong brands in the area of food, pharmaceutical and healthcare technology and they also see an excellent complement to their previous applications and their market presence in their common future. A clear focus on process technology will ensure a stronger market position under the common umbrella corporation. Therefore, the DBAG portfolio company ProXES is acquiring the entire stake in FrymaKoruma (AG and GmbH) from the Romaco Group.
EP News Bureau – Mumbai
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