# HQ Equita acquires majority stake in Steindl Group, forming The Packaging Group

HQ Equita signed an agreement to acquire a majority stake in the Steindl Group, which includes packaging machine manufacturers FAWEMA and HDG. The companies will operate as The Packaging Group.

- Type: Acquisition
- Announced: 2018-06-13
- Where: Germany
- Status: announced
- Products: packaging machines for dry bulk materials
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [HQ Equita](https://endata.com/companies/2253.md) (acquirer)
- [TPG](https://endata.com/companies/10791.md) (target)
- [FAWEMA](https://endata.com/companies/19581.md) (target)
- [Steindl Group](https://endata.com/companies/32566.md) (target)
- [HDG Verpackungsmaschinen GmbH](https://endata.com/companies/32567.md) (target)

## Sources

- [private-equitynews.com](https://www.private-equitynews.com/news/hq-equita-acquires-the-leading-packaging-machine-manufacturers-fawema-and-hdg-steindl-group-and-establishes-the-packaging-group/), 2018-06-13: "HQ Equita has signed an agreement to acquire a majority stake in the Steindl Group, which consists of the leading packaging machine manufacturers FAWEMA GmbH and HDG Verpackungsmaschinen GmbH."
- [packaging-journal.de](https://packaging-journal.de/en/hq-equita-acquires-fawema-and-hdg/), 2018-07-02: "With HQ Equita and Friedbert Klefenz as well as Markus Hüllmann, we have found the ideal partners for FAWEMA and HDG to take the next big step with both companies as The Packaging Group and create a Packaging group with a global platform to create."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.