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Folding carton maker Joh. Leupold GmbH & Co. KG, majority-owned by Waterland Private Equity since August 2020, is merging with carton and corrugated packaging maker Strobel AG of Roth. The founding Strobel owners remain during a transition phase.
Waterland Private Equity is acquiring all shares of folding carton producer Leupold and its subsidiary Schneller, based in Schwabach, Germany, as part of a family succession plan. The deal is subject to German competition approval and terms were not disclosed.