Dutch label and packaging press manufacturer MPS is aiming to become a top three supplier of these machines.
And to provide the resources to push it up the league table, the company has been sold to private equity group ABN Amro Participaties. This investment arm of one of the largest banks in the Netherlands backs Dutch companies over the long term.
It has bought out the shares of majority shareholder Braver Investments, Oost NL and the company’s founding shareholders Bert van den Brink and Eric Hoendervangers. The pair, who started MPS in 1996, will remain with the business alongside CEO Wim van den Bosch and CFO Willem Huijink.
The label press provider reckons to be one of the five leading companies worldwide for flexo and more recently hybrid flexo-digital presses. Its presses are sold across the world. UK customers include Reflex Group, Abbey Labels and Stampiton Labels. Print quality married to cost of ownership have underpinned the appeal of the machines. Their modular construction offers support for different print technologies the business says.
This includes digital where the Symjet, introduced at Labelexpo 2015, carries the flag. It combines the MPS EF press platform with a Domino N610i inkjet section. It prints across a 340mm web, running six colours (white included) on the 430mm maximum web of the flexo press.
The EF machine, along with combination presses that can run with offset, gravure and screen units, as well as foiling and other finishing techniques inline, is capable of printing flexible packaging materials.
Van den Bosch says: “In the past few years under the ownership of Braver Investments and Oost NL, MPS has gone through a strong development from a product, a financial and an organisational point of view. MPS is now ready to enter into a new growth phase to become a top three player in the market. MPS therefore started looking for a new strong shareholder that is able and willing to support MPS in realising and accelerating its business plan.”
MPS has found a new owner in long term private equity backer ABM Amro Participaties, a funder of Dutch businesses. It will provide the backing needed to push the label press manufacturer into the world's top three.