German packaging machinery supplier Romaco Group has acquired Innojet Herbert Hüttlin for an undisclosed sum.
The company, located in Steinen, Germany, was established in 1997 and currently employs 55 people. In 2014 it reported sales of approximately €8m.
Innojet develops and designs systems for granulating and coating solids in the pharmaceutical, food and chemical industries. Its portfolio includes patented systems and functional components for processing tablets, pellets and powders.
The company will become a wholly owned division of the Romaco Group under the new name Romaco Innojet. It will be managed by Paulo Alexandre, CEO Romaco Group, Carsten Strenger, COO/CFO Romaco Group and Dr Herbert Hüttlin, the company's founder, who will continue to support the Romaco Group in a managerial and advisory capacity.
With the acquisition, Romaco says it will have a product portfolio spanning the entire process chain for manufacturing and packing pharmaceutical solids. In future, the company will be able to offer integrated concepts for granulation, tableting, coating, in addition to primary, secondary and final packaging.
'Thanks to the synergetic effects of our Romaco product lines – Innojet, Kilian, Noack, Siebler, Promatic and Macofar – we can serve our customers with innovative, all-in-one solutions for which there is presently no comparable alternative in the market,' said Alexandre.
Hüttlin said Innojet will be able to extend its international reach as a result of its integration into Romaco’s worldwide network of sales partners and agents.
