Onex Partners to Invest in Fischbach KG
All amounts are in U.S. dollars unless otherwise stated.
Onex Corporation (“Onex”) (TSX: ONEX) has announced that its Onex Partners Opportunities Fund will make a significant majority investment in Fischbach KG (“Fischbach” or the “Company”). Fischbach is known as the leading provider of cartridge packaging solutions for sealants and adhesives used across various sectors, including building repair, renovation, construction, aftermarket automotive, marine weather and water-sealing applications, as well as aerospace bonding applications. This investment will be made in collaboration with the current management team, which includes Managing Directors Thomas Langensiepen and Achim Helmenstein. The specific financial details of this investment have not been disclosed.
Fischbach's Industry Leadership
Based in Engelskirchen, Germany, Fischbach offers a wide range of system solutions, including plastic cartridges, plungers, and nozzles. The company also manufactures cartridge filling machines and other equipment that assist in the filling processes for sealants and adhesives at customer sites. With a legacy that dates back to 1954, Fischbach has introduced innovations like the plastic caulking tube and continues to set the standard in the industry through its advanced manufacturing technology, reliable supply of high-quality products, and strong research and development capabilities. The Company operates from seven production facilities located in Germany, the U.S., Belgium, the UK, and Spain.
Expert Insights from Onex Partners
Chrisanth Gradischnig, a Senior Principal at Onex Partners, shared his thoughts on the investment, highlighting Fischbach’s engineering excellence and its established reputation as an innovation leader. He expressed enthusiasm about the opportunity to support Fischbach's growth potential through this investment.
Value Creation and Growth Strategy
Nigel Wright, Co-Head of Onex Partners, further underscored that Fischbach is an exceptional business recognized globally for its innovative cartridge system solutions. He expressed pride in being the first institutional investors in Fischbach and noted that this partnership aligns with Onex's strategy of investing in high-quality businesses that present measurable value creation opportunities. This venture builds on Onex Partners' extensive experience and expertise in the packaging sector, which remains a core focus for the firm.
Management’s Perspective on the Partnership
Thomas Langensiepen and Achim Helmenstein, the Managing Directors of Fischbach, conveyed their excitement about teaming up with Onex Partners as they embark on the next phase of their growth journey. They emphasized that Onex shares their vision for expansion and their commitment to delivering top-quality products to their customers. The duo expressed confidence in Onex's extensive expertise in the packaging sector, believing that this partnership is perfectly aligned with Fischbach's development goals.
Closing of the Transaction
The transaction is expected to close later this year, pending the satisfaction of customary closing conditions. This strategic move is anticipated to drive Fischbach's efforts to broaden its offerings and enhance its operational capabilities in the market.
About Onex
Onex invests and manages capital on behalf of its shareholders and clients around the globe. Founded in 1984, Onex has built a remarkable history of creating value for its clients and shareholders. The firm’s investors comprise a diverse range of global clients, including public and private pension plans, sovereign wealth funds, insurance companies, family offices, and high-net-worth individuals. Currently, Onex manages assets totaling $49 billion, with $8.5 billion representing Onex's investment capital. The company has offices in Toronto, New York, New Jersey, and London, with its skilled management teams being the largest investors across Onex's platforms.
About Fischbach KG
Fischbach KG stands as the world's largest provider of cartridge packaging solutions, specializing in sealants and adhesives for applications in building repair, renovation, construction, aftermarket automotive, marine weather and water-sealing, as well as aerospace bonding. The company's comprehensive system solutions include plastic cartridges, compatible plungers, nozzles, cartridge filling machines, and additional equipment essential for customers’ operations. Fischbach maintains a strong presence through its seven manufacturing facilities across Germany, the U.S., Belgium, the UK, and Spain.
Frequently Asked Questions
What does the investment by Onex Partners in Fischbach entail?
The investment involves Onex Partners acquiring a majority stake in Fischbach, which will enhance their influence and support for the Company's future growth initiatives.
What industries does Fischbach serve?
Fischbach operates in several industries, including construction, aftermarket automotive, marine applications, and aerospace, providing sealants and adhesive solutions.
What is Fischbach’s historical significance?
Fischbach boasts a legacy that dates back to 1954 and is credited with the invention of the plastic caulking tube, showcasing its long-standing commitment to innovation in the packaging sector.
Who are Fischbach’s key management figures?
The management team comprises Managing Directors Thomas Langensiepen and Achim Helmenstein, who play pivotal roles in steering the company’s strategic vision.
What does Onex’s investment strategy focus on?
Onex focuses on investing in high-quality businesses that offer potential for value creation and aims to establish partnerships that enhance operational capabilities in key sectors.
