12 October 2017
Silverfleet completes buyout of Pumpenfabrik Wangen
Silverfleet is pleased to announce the completion of the buyout of Pumpenfabrik Wangen GmbH (“Wangen Pumps”), a leading designer and manufacturer of high quality progressing cavity and twin-screw pumps. Founded in 1969 and based in Wangen, im Allgäu, Germany, the Company employs more than 200 staff and is a market leader in screw pumps that are suitable for pumping highly viscous liquids as well as solid-fluid mixtures. Wangen Pumps offers a broad range of standard as well as customised pumps which are designed and manufactured at the company’s main site in southern Germany.
Wangen Pumps currently manufactures products for four key end markets, namely: biogas; food & beverage; agriculture and wastewater treatment. The Company has an international distribution network, supplying clients including Schwarzkopf (hair care products), the Wirtgen Group (a division of John Deere involved in road construction) as well as the British Royal Navy (pumps for frigates).
Silverfleet Capital’s investment will enable Wangen Pumps to expand its distribution further internationally, as well as across a wider range of industries leveraging the company’s strong new product development capabilities.
Dr. Michael Matros, Chairman of Pumpenfabrik Wangen, commented: “I am looking forward to helping lead this high quality business through its new phase of ownership. I am convinced that with Silverfleet Capital’s support and experience of building international, market-leading, manufacturing businesses, we can further develop the Company successfully.”