mynth
07/2022

HOLWEG WEBER acquired by AMBIENTA

UNITED STATES Industrial Equipment / Special Machinery / Robotics & Automation REV 50M - 100M EUR

Context

Ambienta SGR SpA has completed the acquisition of HolwegWeber and will integrate the company with its existing platform In.Pack Machinery, forming a combined entity that operates across three continents. HolwegWeber was previously owned by Motion Equity Partners, while In.Pack Machinery is held by Ambienta in partnership with its management team; the transaction is financed through a unitranche facility provided by LGT. The rationale for the transaction rests on the complementary nature of the two product lines: HolwegWeber supplies machines focused on paper and cellulose, whereas In.Pack delivers equipment for recycled and compostable polymers. By uniting these capabilities, the combined group can offer a full spectrum of sustainable flexible‑packaging machinery, extend its geographic footprint, and leverage shared research and development resources to accelerate innovation in response to regulatory pressures against single‑use plastics. Operationally, the merged organization will manage seven production sites, employ roughly 400 staff, support a installed base of more than 9,000 machines and will generate 130 M€ of turnover. Expected outcomes include cost reductions through consolidated procurement, streamlined engineering processes, and a stronger market presence in food, e‑commerce, and medical packaging segments, thereby enhancing the group’s ability to meet growing demand for environmentally responsible packaging solutions.

In the past, the company had already been the subject of several LBOs, notably led by Azulis Capital in 2012 and Motion Equity Partners in 2018. These multiple LBO cycles illustrate the strong appeal for this type of asset.

HOLWEG WEBER, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Holweg Weber designs and manufactures machinery for the production of paper-based packaging. The product portfolio includes converting lines, die‑cutters, flexo printers and finishing equipment that enable converters to transform raw paper into cartons, trays and other secondary packaging formats. Customers comprise multinational packaging converters, regional paper mills and specialized contract manufacturers that require high‑speed, low‑waste solutions for food, beverage and consumer goods sectors. The company sells equipment on a project basis, providing engineering, installation and after‑sales service under long‑term maintenance contracts that generate recurring revenue streams. Founded in the United States, the firm expanded its production footprint to Germany and Spain during the 2010s, establishing localized engineering teams and service hubs to support European clients. Its engineering approach combines proprietary tooling designs with modular automation platforms that can be adapted to a range of paper grades and product dimensions. Holweg Weber sources core components from a network of Tier‑1 suppliers in Europe and North America, integrating them into customized lines that meet specific customer throughput and quality specifications. The business model emphasizes upfront equipment sales complemented by service agreements that extend the economic relationship beyond installation.

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Historical Financials (EUR)

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Other operations with HOLWEG WEBER

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
05/2018MOTION EQUITY PARTNERSHOLWEG WEBERUNITED STATESIndustrial Equipment

Holweg Weber has been acquired by Motion Equity Partners in a leveraged buyout that concludes a competitive process overseen by UBS and involves the exit of Azulis Capital and several minority shareholders

09/2012AZULIS CAPITALHOLWEG WEBERUNITED STATESIndustrial Equipment

Holweg‑Weber has been acquired by Azulis Capital, acting together with BNP Paribas Développement, Unigrains and the company’s founders, from Sollya, the entity controlled by Perfectis. The transaction transfers ownership of the French and American machine‑building operations to a new holding, Bag Invest, which will serve as the vehicle for the combined business

REFERENCES

Revenue range: 50M - 100M EUR

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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: holweg weber

Acquirer: ambienta