Canada

PRESS RELEASE 
Stephan Machinery and FrymaKoruma head into the future with a common goal, these two strong companies with a long history of processing technology are to co-operate in the future under an innovative umbrella organisation: ProXES, the Processing Group . they are jointly exhibiting at this years. interpack. 
Stephan Machinery and FrymaKoruma do not only have strong reputations within the Food, Pharmaceutical and Health Care technologies; they also see an excellent addition to their previous applications and their market presence in the future. By means of a clear focus on the process technology a stronger market position of these companies will be possible under a common umbrella organisation. This is why the DBAG portfolio company ProXES acquires the entire shares of FrymaKoruma (AG and GmbH) from Romaco Group. 
.Within the Romaco Group we were able to leverage significant potential in order to ensure the further development of FrymaKoruma., according to Thomas Merle, CEO of FrymaKoruma, pensively reflecting on the departure from Romaco Group. .But we are thrilled at being able to realise previously unknown possibilities of our core business together with ProXES and its clear focus on process 
technology.. Mr Olaf Pehmöller, CEO of Stephan Machinery, is delighted to have this new partner. .FrymaKoruma and Stephan Machinery will benefit to the advantage of both companies. For our customers we are developing a process technology group, which can provide attractive offers to a much higher standard and quality., stated by Mr Pehmöller who will also become the CEO of ProXES Group. ProXES stands for .Processing and eXpert Engineering Services.. This new name is a promise 
to our customers and therefore includes an obligation by the new partners. Also the expectations of the majority shareholder are met. .With FrymaKoruma and Stephan Machinery we have two companies, both of which hold excellent reputations within their market. The combining of the strengths of each company is the logical consequence of our growth strategy., according to Dr. Rolf Scheffels, member of the managing board of Deutsche Beteiligungs AG (DBAG). 
.FrymaKoruma has made good progress during its time within Romaco Group for more than 10 years. 
We are happy to offer them substantial growth within a special process technology association. Thanks to this transaction Romaco Group can concentrate on the increase of its competences, especially in the 
pharmaceutical market., according to Paulo Alexandre, CEO of Romaco Group. 
You are welcome to visit both companies on the ProXES stand during interpack, Düsseldorf, Hall 1, stand no. B23.