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Article | January 10, 2012
Logopak acquired by Possehl
Logopak GmbH & Co. KG, a leading manufacturer of industrial print and apply labeling systems has successfully 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, founded in 1978, is headquartered in Hartenholm, Germany. 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.”
Logopak has developed a robust national sales and technical service network in the US and Canada.
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