Logopak's outlook is bright: Acquisition by Possehl finalized
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.”