H2 Equity Partners announced that subject to further advice and approvals, it has agreed to acquire Contiweb from American Industrial Partners (AIP), the New York based private equity firm. Contiweb, a manufacturer of auxiliary equipment for offset printing, provides after-market sales and services for a large number of installed, proprietary machines across a global customer base of commercial printers.
Since its inception in 1978, Contiweb has been developing and manufacturing splicers and dryers incorporating superior technology for offset printing lines. The company has a global installed base of over 3,000 machines, for which it provides after-market sales and services. More recently, it started manufacturing equipment for the digital printing market and the flexible packaging and label printing market as an OEM with its differentiating Thallo press. Until August 2018, Contiweb was a subsidiary of Goss International; since then it has been operating independently.
Gert Jan van der Hoeven, managing partner at H2 said, “We are impressed by the depth of the engineering capabilities, the culture of innovation and the customer-centric ethos that we have seen at Contiweb. We are also very pleased that the acquisition of Contiweb marks the first investment of our most recent fund.”
Richard Hoffman, an AIP partner, stated, “AIP is proud of the accomplishments of the Contiweb management team and employee base. We have greatly enjoyed our partnership with them since 2015 and are enthusiastic about Contiweb’s continued innovation and growth under H2 ownership.”
Rutger Jansen, chief executive officer at Contiweb thanked AIP for its continuous support and for its conviction in making the company a success. “We are pleased to continue in that vein, as an independent company, and will remain focused on developing and manufacturing excellent equipment and services for our customers around the globe. In the last few months, we have come to know H2 and have confidence in strong cooperation evolving from their technical and strategic orientation and their successful track record in similar situations,” Jansen said.