Germany-headed Eggersmann Group has revealed that it has acquired tank and container specialist Farmatic GmbH from the insolvency administrator on February 1. According to Eggersmann, all of the remaining 23 jobs at the Nortorf business location, in Schleswig-Holstein, as well as the Farmatic company name are being retained. The purchase price of the deal has not been disclosed.
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. 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, said Hendrik Gittermann, the appointed insolvency administrator and restructuring expert from the Hamburg law firm of Reimer Rechtsanwälte.
Farmatic Anlagenbau GmbH is a specialist in upgrading and finishing of tanks and containers with industrial and municipal clients around the world. The company speciality is in the areas of wastewater treatment, thermal energy storage, biogas production and agriculture and ag-processing industries such as sugar and palm oil.
Founded in 1951, the Eggersmann Group operates as a network of companies operating internationally in the construction and recycling technology sectors including biogas.
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 Karlgünter Eggersmann, Managing Director, Eggersmann Group.
