H2 Equity Partners acquires majority stake in PMJ
AMSTERDAM/OPMEER, October, 2017 – H2 Equity Partners (“H2”) is pleased to announce that it has acquired a majority shareholding in Poultry Machinery Joosten (“PMJ”), a leading developer and manufacturer of poultry processing systems, primarily focused on duck processing technology. H2 will support the management of PMJ with its international growth plans and further professionalisation of the company. Together with H2 as a new investor, PMJ is well positioned to expand its product range, and broaden its international presence in the duck and broader poultry processing sector.
Official press release: H2
Emendo Capital acted as exclusive financial adviser to H2.
PMJ is a leading developer and manufacturer of poultry processing equipment, and more specifically for duck and turkey. The company was founded in 1998 by Egbert Joosten, who had worked in product development with Meyn Food Processing Technology. Egbert and his team have developed processing equipment for heavier birds, with significantly increased demands. As a result of their innovative and unique solutions, PMJ is now the world market leader in this niche. PMJ is headquartered in Opmeer.
For additional information on PMJ, visit duckprocessingtechnology.nl.
H2 Equity Partners, founded in 1991, is an independent investment firm with offices in Amsterdam and London. H2 focuses on medium sized companies with attractive growth potential. H2 offers these businesses a combination of capital and active support by the H2 team. H2 has a robust multi-sector track record in building better companies, with sustainable, profitable growth. H2 manages a portfolio of 15 companies, with a combined turnover of approximately 1.5 billion.
For additional information on H2, visit h2.nl.