This acquisition will strengthen the Group’s position in the hygienic and food processing applications and industrial pump sectors. At the same time, it creates an exciting strategic opportunity for Verder’s investment arm ‘Pindustry’ to enter the milking systems business with Fullwood’s technological capabilities and strong position in the European market. Together the Group will employ almost 1.500 people to serve our customers worldwide.
“We are very excited to be adding Fullwood Packo to the Verder group of companies. We feel we can support the Fullwood and Packo companies to grow and continue to succeed over the coming years.” Andries Verder, CEO Verder International.
Founded in 1785, the Fullwood Packo Group developed over the years from merchant trader to producer of milking systems, milk cooling tanks, production of high quality products for the food and pharmaceutical industries and surface treatment of stainless steel, nowadays being an international industry leader.
The Verder Group was founded by André Verder in 1959 and is now fully owned and managed by his son Andries Verder. The Group is active with own sales offices in 24 countries and has two divisions: Verder Liquids (industrial pumps) and Verder Scientific (laboratory equipment). Investment company Pindustry is closely related to the Verder Group and invests in Benelux, UK and Germany based companies that develop innovative industrial products.
The compatible product portfolios of the companies along with the similarities in family ownership and culture make this an ideal cooperation for the future. Departing Group Chairman Mr Richard Lancaster of Fullwood Packo and the former shareholders are confident that Mr Andries Verder will take the business forward with the same attention to excellence the business has striven to achieve throughout its long history.
The top-level change of ownership takes effect from today, 4 August 2015, although at an operational level, it will be business as usual.