Print-and-apply technology provider readied for growth.
Logopak GmbH & Co. KG (www.logopakcorp.com), has finalized
a company succession plan with the purchase of Logopak by Possehl Mittelstandsbeteiligungen
GmbH & Co. KG, a wholly owned subsidiary of L. Possehl & Co. mbH.
Logopak was founded in 1978 and is headquartered in Hartenholm, Germany.
Employing German engineering, the company designs and manufactures industrial
print-and-apply labeling equipment with a reputation for precision,
performance, reliability and full integration with packaging and logistics
systems.
According to William Faulkner, president of Logopak
Corporation, USA,
“The sale has been ongoing for just over a year. For the past several months
we’ve been immersed in the purchase process and organizational realignment.
With the acquisition finalized, we’re poised to move forward with an
exceptional product line, strong quality control, and outstanding technical
service.”
The purchase secures Logopak’s future and maintains the brand,
the product line, and Logopak’s world-wide network of consulting, sales and
service. Under Possehl, a diversified industrial, manufacturing and trading
company with a global presence and revenues of nearly € 2.0 billion, the
purchase also creates new opportunities for innovation and market growth.
“I’m very excited about
prospects in North and South America for
applications in packaging, beverage, pharmaceuticals, and logistics” adds
Faulkner. “Logopak is now able to offer a truly coherent and integrated product line designed to meet any print and
apply labeling need a manufacturer or distributor might have. For example, a
new, common operating system across all model series creates tremendous
operational flexibility and efficiency for our customers.”
