PINOVA Capital completed the acquisition of RIEPE.

PINOVA Capital, an independent private equity firm, completed the acquisition of RIEPE, an edge banding company. Financial terms were not disclosed. "We are pleased to support the Riepe family with the succession of their business and to lead this unique company into the next growth phase. With Frank Rave and Ulrich Schmidt, two managers have taken a stake in the company who will have a decisive influence on the business‘ growth trajectory in the coming years. Together we will further develop the considerable sales potential of the innovative RIEPE in the key sales regions of Europe and the rest of the world," Herbert Seggewiß, PINOVA Capital Partner.