Hennecke to buy OMS to create PU machinery group

German PU machinery maker Hennecke is acquiring all shares of OMS Group. The legal closing of the transaction will be complete by the end of December 2017. Hennecke is fully owned by Capvis Equity IV, L.P., a fund advised by the Swiss private equity firm Capvis Equity Partners. Terms were not disclosed.

OMS Group’s current management team, Enrico Lombardini and Dr. Andrea Mariani, will retain responsibility after the closing. The acquisition includes all affiliates of the OMS Group.

In line with the dedicated growth strategy, jobs in both companies and all locations will be maintained. Dr. Andrea Mariana, President of OMS Group, is certain that “the combined expertise of both companies is the foundation for our success in the future”.

“With this acquisition, two technological leaders in the polyurethane machinery business are joining forces to open up opportunities for stronger growth”, emphasised Rolf Trippler, Managing Director of Hennecke. Global markets underline this statement as the worldwide consumption of polyurethane is growing in all applications.

“Joining our forces will provide further profitable growth,” confirmed Enrico Lombardini, CEO of OMS Group.

The 70-year old Hennecke has been developing and designing machine and systems technology as well as process technology for polyurethane processing. Hennecke is headquartered in Sankt Augustin (Germany) with subsidiaries in Germany, Brazil, China, Mexico, Russia, Singapore, Italy and the US. It has more than 500 employees worldwide.

Italy-based OMS Group was founded in the late 1960s to manufacture continuous production lines for both, flexible and rigid polyurethane foam and metering machines. OMS had more than 170 employees and exports more than 90% of its annual turnover.