HOLWEG WEBER acquired by AMBIENTA
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 in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Industry & Manufacturing sector (11.4x).
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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.
Ent. Value
Equity Value
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EV / EBITDA
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Historical Financials (EUR)
Other operations with HOLWEG WEBER
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2018 | MOTION EQUITY PARTNERS | HOLWEG WEBER | UNITED STATES | Robotics & Automation |
| 09/2012 | AZULIS CAPITAL | HOLWEG WEBER | UNITED STATES | Robotics & Automation |
REFERENCES
Revenue range: 50M - 100M EUR
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Press release: view release
Target: holweg weber
Acquirer: ambienta