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Announced

Completed

Flacks Group completed the acquisition of Zippel from Sugino Machine.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Acquisition

Majority

Germany

mechanical engineering services

Single Bidder

Cross Border

Friendly

Private

Completed

washing systems

Machinery: Industrial

Synopsis

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Flacks Group, the Florida-based industrial holding company, completed the acquisition of Zippel, the Germany-based cleaning machines maker, from Sugino Machine, the Japan-based machinery manufacturer. Financial terms were not disclosed. "We welcome Zippel to our Group and look forward to supporting Zippel with the aim of future global growth," Michael Flacks, Flacks Group Chairman.

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