A+F Automation + Fördertechnik with a new strong shareholder
16 December 2017
For more than 40 years, A+F is a leading manufacturer of high end and end-of-line packaging machines and systems, based in Kirchlengern (Germany). Mutares has sold the company the Swiss Buy and Build Expert CGS.
Mutares acquired A+F from German OYSTAR Group in November 2014 and put it back on track through a successful turn-around. With 160 employees, the company generated profitable sales of around EUR 29 million in 2016. CEO Robert Roiger and the management team welcome the transaction and look forward to driving A+F’s further development.
Thomas Anderegg, Managing Partner of CGS: “A+F as a highly specialized, established packaging machine manufacturer perfectly matches our market focus and industry expertise. Following the successful return to profitable growth under Mutares, we are now taking over and will focus, jointly with the management, on further international expansion through strategic add-on acquisitions in key markets.”
Robert Roiger, CEO of A+F: “Mutares has been a perfect partner for A+F during its development so far. With CGS, we have now found a strong new partner for the next step and look forward to taking it with CGS and for the benefit of our customers.”