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IMAP is pleased to announce that Torqx Capital Partners (“Torqx”), in partnership with current shareholder and CEO Mark van de Klundert, and the management team, has acquired CSi Packaging in a carve-out from CSi Industries.

CSi Packaging, formally part of CSi Palletising in the 1990s and officially established as a separate company in 2014, is a global leading designer and manufacturer of high-speed equipment for post press automation processes in the cardboard packaging materials industry. The company develops highly innovative and state-of-the-art solutions for converting and stacking, finishing, finished goods and reel logistics. Delivering solutions that work at high speeds of up to 500 meters per minute, CSi Packaging is now the market leader. The company employs approximately 40 staff and operates from its headquarters in Raamdonksveer (Netherlands) and an office in Richmond (USA).

CSi Industries is a globally active developer and manufacturer of material handling and palletizing equipment, ranging from single robot palletizing cells to sophisticated multi load and line palletizing machines, thereby targeting leading international manufacturers of fast-moving consumer goods.

Torqx is a Dutch private equity firm that invests in medium-sized companies in the Benelux region with significant value creation potential, focusing on various funding situations including growth, buy-and-build, performance improvement, turnaround, and transformation scenarios. It is active in a wide range of industries including Manufacturing, Distribution and Services, and typically acquires majority stakes based on partnerships with entrepreneurs and management teams.

The attractiveness of CSi Packaging as a business, alignment on strategy and opportunities going forward, as well as the personal fit between management and the Torqx team led to a strong willingness to pursue the transaction on both sides of the table and enabled a smooth transaction process.

Torqx will support CSi Packaging in achieving further growth, building on its strong international position in the market for automation of post press systems for folding carton manufacturers, and to roll-out existing technologies in adjacent markets.