ABN AMRO Participaties (AAP) has agreed to acquire MPS Group, a parent company to narrow and mid-web printing solutions provider MPS Systems.
MPS Group will be acquired by AAP, an independently managed private equity business of ABN AMRO, from majority shareholder Braver Investments, Oost NL and the founders of MPS.
Financial terms of the deal were undisclosed.
The Netherlands-based MPS is engaged in providing narrow and mid-web printing solutions including flexographic (flexo), offset and flexo-digital hybrid printing presses used in the label and flexible packaging industries.
MPS CEO Wim van den Bosch said: “In the past few years under the ownership of Braver Investment and Oost NL, MPS has gone through a strong development from a product, a financial and an organizational point of view.
“MPS is now ready to enter into a new growth phase to become a top-3 player in the market. MPS therefore started looking for a new strong shareholder that is able and willing to support MPS in realizing and accelerating its business plan.”
MPS serves customers from markets such as food & beverage, household products and pharmaceuticals.
Oost NL CEO Marius Prins said: “We have been shareholder of MPS from the start of the company in 1996 by Eric Hoendervangers and Bert van den Brink.
“During the last years we have seen MPS grow up from a local start-up to a globally successful company, that provides many jobs to the region where we are active. We are convinced that MPS will become the top 3 player that they are aiming for.”
Recently, MPS has selected Interworld Cre as its sales partner in Philippines, as part of its efforts to expand its presence in Asia.
Interworld Cre will supply MPS’ flexo, offset, and hybrid press solutions for label and packaging printers in Philippines.