ABN AMRO Participaties, the independently managed private equity business of ABN AMRO, has acquired the Dutch firm MPS, best known for its range of narrow web flexo presses. The company had been owned by majority shareholder Braver Investments, Oost NL as well as Bert van den Brink and Eric Hoendervangers, who founded the company back in 1996.
The two founders, together with the CEO Wim van den Bosch and CFO Willem Huijink, will remain with the business and invest alongside AAP. Van den Bosch, explained the change in ownership, saying: “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.”
AAP concentrates on investing in Dutch companies and is known for making long-term commitments so this move should guarantee MPS the stability and backing that it needs to grow further. Friso Janmaat, managing director of ABN AMRO Participaties, commented: “MPS is an excellent example of a successful Dutch company with a highly technical great product, a strong management team and potential for growth. We’re excited about working together with the company and its management team during the years ahead to realise its growth plans.”