German waste and recycling equipment manufacturer, Eggersmann Group, has acquired plant manufacturer Farmatic GmbH from an insolvency administrator.
Farmatic Anlagenbau GmbH is an industry leader in upgrading and finishing of tanks and containers in the areas of wastewater treatment, thermal energy storage, biogas production and agriculture.
The firm has customers globally including the utilities, waste management firms, and municipal authorities and service companies, as well as agriculture rely on Farmatic products.
“As a financially sound and socially responsible family business, with experience in the sector, the Eggersmann Group has always been one of our preferred candidates,” said Hendrik Gittermann, insolvency administrator and restructuring expert from the Hamburg law firm of Reimer Rechtsanwälte.
“I am therefore all the more pleased for the employees of Farmatic and their families that we have been able to proceed with the acquisition on fair and good terms,” he added.
The purchase price will not be publicly disclosed.
The Eggersmann Group, founded in 1951, operates as a network of companies operating internationally in the construction and recycling technology sectors.
“With the acquisition of Farmatic, we are expanding our product portfolio in a promising international market and will be able to achieve valuable synergy effects,” commented Managing Director, Karlgünter Eggersmann.
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