The Packaging Group
In June 2018 HQ Equita has entered an agreement to acquire the Steindl-Group, consisting of Fawema GmbH and HDG Verpackungsmaschinen GmbH. Since then, the Steindl-Group is operating under the name “The Packaging Group” (’TPG’). Founded in 1920 and 1984 respectively, TPG is focused on packaging machines for the filling of dry, free-flowing bulk goods into various bag types made of paper or plastic laminates. The machines offer packaging solutions for flour & baking mixes, sugar, foods & candy, pet products and various chemical products. The product portfolio includes servo- and cam-controlled horizontal form, fill and seal machines with rotary system (HDG), as well as servo-controlled high-performance packaging machines with chamber transport, and vertical, intermittent and continuous form, fill and seal machines (FAWEMA). The product range is completed by appropriate dosing and levelling systems. The machines are sold individually and as complete packaging lines.
As part of a buy & build concept, HQ Equita acquired a majority stake of WOLF Verpackungsmaschinen GmbH (‘WOLF’) in November 2019. In addition to FAWEMA and HDG, WOLF represents the third brand of TPG ever since. The company was founded in 1988 in Lich-Birklar (Hesse). It focuses on the development, manufacturing, configuration and sale of vertical packaging machines. In line with the TPG product portfolio, WOLF packaging machines mainly pack products from the food sector with additional capabilities in the chemicals and industrial goods sector. Regionally, WOLF has focused early on the dynamically developing East-Asian markets with an own production site in China. WOLF thus complements both TPG’s product portfolio and its regional focus.
HQ Equita Beteiligungen V GmbH & Co. KG has acquired TPG group from the former shareholder of the Steindl-Group in 2018. Mr. Steindl reinvested and will remain involved operatively.
In 2019, the family-managed packaging specialist WOLF was taken over from the family and other investors. These as well as the Wolf family remain shareholders in the company. In addition, the founder, Günther Wolf, and his son Sebastian are still active in the management of WOLF.
Implementation of the growth plan
HQ Equita pursues a growth strategy. Important focal points of growth will be the internationalisation of the business, the expansion of the product line and the development of additional distribution channels.