MPS – AMRO Participaties new owner of MPS Group
THE NETHERLANDS • ABN AMRO Participaties (“AAP”) acquires MPS Group B.V., a parent company to MPS Systems BV, a provider of end-to-end narrow and mid-web printing solutions, from majority shareholder Braver Investments, Oost NL and the founders of MPS. Wim van den Bosch (CEO), Willem Huijink (CFO) as well as founders Bert van den Brink and Eric Hoendervangers will remain with the business and invest alongside AAP.
ABN Amro Participaties is the independently managed private equity business of ABN Amro, which is known for investing especially in Dutch companies. MPS Systems, headquartered in the Netherlands, offers flexo, offset and flexo-digital hybrid printing presses which are used in the label and flexible packaging industries, with end-markets such as food & beverage, household products and pharmaceuticals. According to the company, it is a global top-5 player in its segment.
Wim van den Bosch, CEO of MPS, comments: “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. I am convinced that with the support of AAP we will be able to achieve our ambitious growth target the coming years.”
Marius Prins, CEO of Oost NL comments: “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.”