Seitz GmbH has been acquired by BPE Unternehmensbeteiligungen
Seitz GmbH, a leading manufacturer of premium dog and cat food for customer brands based in the northwestern part of Germany, has been sold through a management buy-in to Thomas Suwelack and Michael Strumpen who were backed by BPE Unternehmensbeteiligungen GmbH, a German private equity investor with headquarters in Hamburg. Financial details have not been disclosed.
Founded in 1981, Seitz GmbH specializes in the production of canned wet pet food for dogs and cats for customer brands. In addition, the company offers BARF products and sausages which are also sold under the "Seitz Heimtiernahrung" brand. In an efficient manufacturing process more than 300 variations are produced, filled in cans airtight, sterilized, labeled and packaged.
After carrying out an international bidding process the sellers decided for the management buy-in backed by BPE. The shareholders were convinced by the new management’s proven knowledge and experience in meat processing. Thomas Suwelack and Michael Strumpen together with BPE had already successfully developed and later sold Karl Kemper GmbH, a manufacturer of primarily meat convenience products.
The members of the founding family will stay with the company as consultants during a transitional period.
Oaklins' team in Germany advised the shareholders of Seitz in selling their shares to BPE.
Talk to the deal team
Related deals
Mark Climate Technology has acquired Heber GmbH
Heber GmbH has been acquired by Mark Climate Technology, a specialist in climate control systems and a portfolio company of Bolster Investment Partners. This partnership strengthens the positions of both companies in the global market for innovative and sustainable climate solutions, as well as creating unique synergies. Mark Climate's expertise in standardized, scalable solutions is enhanced by Heber's emphasis on customer-specific customization.
Learn moreArtisJP has sold 500 ha of farmland to the Land Fund of Latvia
ArtisJP has sold 500 hectares of agricultural land in the Ventspils region of western Latvia to the Land Fund of Latvia, managed by the Latvian state finance institution Altum.
Learn moreGrupo Veta 2017 S.L. has been acquired by MSA Mizar
The Franco-Belgian fund Kartesia has sold Grupo Veta 2017 S.L. to the Italian group MSA Mizar. Kartesia, the main shareholder of Veta+ together with its founding partner, has sold 100% of the capital. For MSA Mizar, this transaction represents the consolidation of its presence in Spain, the entry into the multi-risk claims management market and the opportunity to apply Veta+’s expertise to other European markets.
Learn more