BPE buys Greif-Velox

CEO Ralf Drews and the management team took a minority stake in the business, which was acquired by BPE from its parent company Maschinenfabrik Moellers.

BPE typically invests between €5-15m in companies with revenues between €15m-€200m. Greif-Velox has revenues of approximately €20m Unquote understands.

After the carve-out, Greif-Velox will focus on producing bagging and filing systems and palletising robots.

Company
Greif-Velox is headquartered in Lübeck and claims to be one of the oldest companies in the world with roots going back to 1100. It was originally a mill run by monks and was founded in its modern iteration approximately 100 years ago as a bagging, drum filling and palletising business. Today Greif-Velox develops and produces bespoke bagging and filling machines for solid and liquid substances with customers in the chemicals, petrochemicals, foodstuffs and building materials sectors. The company employs about 120 people

People
Greif-Velox – Ralf Drews (CEO).

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• Buyouts
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• BPE Unternehmensbeteiligungen (BPE Private Equity)