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Barry-Wehmiller to acquire Winkler+Dunnebier GmbH and POEM GmbH from Korber AG
Barry-Wehmiller Companies is to acquire the operations of Winkler+Dunnebier GmbH, including POEM (W+D). The acquisition includes W+D's operations in Neuwied and Lohne, Germany, along with the US subsidiary, W+D North America, and the Malaysian subsidiary, W+D Asia Pacific.
It is anticipated that the deal will be finalised at the end of this year.
W+D, which offers integrated mail, folded tissue and hygiene solutions, says it will continue its strategic mission to bring leading engineered solutions to its customers. W+D stands to benefit from Barry-Wehmiller's strategic and operational resources as well as its ongoing commitment to the mailing, tissue and hygiene industry sectors.
W+D will operate as an independent business unit within Barry-Wehmiller's Converting Solutions platform alongside Paper Converting Machine Company (PCMC). W+D joins Barry-Wehmiller's family of almost 80 companies as part of an organic and acquisition growth strategy that, since 1987, has propelled the company from a $20 million U.S.-based supplier to a $2+ billion global supplier of diversified industrial solutions.
"We are proud to carry forward the W+D legacy and truly excited to partner with the great people of W+D to serve mailing solutions and tissue companies around the world," says Tim Sullivan, Barry-Wehmiller group president. "W+D has established itself as a meaningful player in the global markets in which it operates and has benefitted greatly from the guidance of Korber AG.
"We intend to build upon W+D's solid foundation in partnership with the company's existing leadership and its 359 associates worldwide."
W+D will continue to serve its customers from Neuwied and Lohne, Germany and Lenexa, Kansas (USA).
Image: Wet wipes being manufactured
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15th October 2015