Mutares acquires Keeeper

This is Mutares' fifth transaction and second platform investment in 2019. Keeeper strengthens the firm's goods and services segment of portfolio companies. Mutares invests in companies with small profits and revenues of €50-500m that can benefit from a buy-and-build strategy.

The vendor of the company is Germany-based industrials company Wrede Industrieholding, which is currently disposing of all its assets.

Keeeper generated revenues of €65m in 2018, most of which is attributable to German and Polish customers. The transaction is expected to be completed in June 2019.

Previous funding
Wrede became a majority owner of the company in 1991.

Company
Keeeper manufactures and sells plastic household products, and employs more than 500 people. The company operates two production sites in Germany and Poland, and a sales office in Belgium. Founded in 1986, the company is based in Stemwede.

People
Mutares – Robin Laik (CEO).
Wrede Industrieholding – Michael Sindram (managing director).

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• Topics
• Buyouts
• DACH
• Consumer
• Germany
• Buy-and-build