PM - DBAG
We inform you that on September 30th 2020, the company shares of PM Plastic Materials s.r.l. were transferred to a company owned by the German private equity fund DBAG (Deutsche Beteiligungs AG – listed at Frankfurt Stock Exchange) and to top managers. The founding family for more than 50 years has passionately led PM to its current strength, successfully withstanding the impact of the Covid 19 pandemic to date and thus positioning the company at the starting blocks to burst out for further growth in the years ahead. Now, it’s the turn of DBAG, a German private equity company, active on the European market for 55 years and pursuing an entrepreneurial approach, to lead PM to a new era. Over time, DBAG has invested in hundreds of family businesses and given them the needed leeway to successfully accomplish their strategic sustainable development. All PM customers and suppliers will continue counting on a solid and ambitious partner, capable of creating even more value for its distributors and the end users of its products. The ownership structure will change, but the values engraved in the DNA of our company will not change: innovation in respect of the environment, integrity and reliability towards all stakeholders. PM Plastic Materials, which, after the operation, will hold 100% of the Swedish PM Flex Holding, will have as shareholders, along with the D-BAG Fund VIII, which is advised by DBAG, also the managers Gianluigi Rapizza and Jonas Olsson, who will acquire a minority but significant stake. PM Plastic Materials CEO will be Mr Gianluigi Rapizza, while Mr Jonas Olsson will continue to be CEO of PM Flex Holding.