Brookfield, through its private equity strategy, today announced that it has agreed to acquire Fosber, a global leader in the design and production of advanced machinery, parts, and services for the corrugated packaging industry. The transaction, a carve-out from Guangdong Dongfang Precision, values the business at approximately $900 million.
Founded in 1978 and headquartered in Lucca, Italy, Fosber designs and manufactures high-speed corrugating machinery and provides vital aftersales parts, maintenance and digital monitoring solutions to box manufacturers worldwide. With operations across Italy, the U.S., and China, Fosber is recognized for its innovative product and technology development, and strong customer service.
Anuj Ranjan, CEO of Brookfield's Private Equity Group, said: "Fosber is a market-leading industrial technology business that provides vital products and services to the packaging industry. The transaction demonstrates our strategy of investing in industrial champions headquartered in Europe, and with Fosber's extensive operations in the U.S. and Asia, the ability to draw on our global platform. We look forward to partnering with the Fosber team, bringing our operational expertise and scale to accelerate digital transformation and expand its after-sales and service offerings as it continues to grow worldwide."
Brookfield's investment through its Brookfield Capital Partners strategy is being funded with approximately $480 million of equity, of which its affiliate Brookfield Business Partners is expected to invest approximately $170 million. The transaction is subject to customary regulatory approvals and is expected to close in 2026.