TMCnet News
FP Mailing Solutions Acquired By Quadriga Capital; New Shareholder Allows FP Mailing Solutions To Expand Market Share and Focus On High-Growth Phase In U.S.ADDISON, Ill. --(Business Wire)-- March 9, 2005 -- FP Mailing Solutions, a world-class mailroom solutions provider, today announced that Francotyp-Postalia AG & Co. KG, the German based group that owns FP Mailing Solutions, has been acquired by Quadriga Capital, a European private equity firm. Terms of the deal were not disclosed. "By gaining this new shareholder, FP Mailing Solutions will have the opportunity to enhance market share, as well as the development and production of its mailroom solutions," said Mike Doumas, CEO of FP Mailing Solutions. "We are thrilled that Francotyp-Postalia attracted such a high-profile private equity investor to partner with us to fulfill our mission in the United States." FP Mailing Solutions offers a complete line of mailroom solutions, including digital meters and mailing systems that allow organizations to manage all outgoing mail and packages, evaluate customer postage use and apply postage reliably and quickly. FP also offers folding and inserting systems that process multi-part mass mailings, such as large direct mail campaigns and invoices. Other products include letter openers/shredders, accounting solutions and mail center furniture. All FP Mailing Solutions systems are sold and serviced through its independent dealer network of local area dealers that offer custom service applications and systems training. Quadriga Capital specializes in acquiring majority ownership of mid- to large-sized companies that need expansion capital and occupy a leading role in their markets. It is run by a team of highly experienced private equity mangers who have successfully acquired more than 30 firms in recent years. Investors in Quadriga Capital are international financial institutions from Europe, Asia and the U.S. Quadriga Capital is currently a shareholder in companies such as Conventya International GmbH, a global specialty chemical company, and Uster Technologies AG, the world's market leader in textile quality controlling systems and services. About FP Mailing Solutions With U.S. headquarters in Addison, IL, FP Mailing Solutions is a world-class mailroom solutions provider, meeting the needs of small, mid-sized and large organizations. FP Mailing Solutions is known for technologically advanced equipment, the reputation of its dealer network, superior customer service and excellent value. For more information, visit www.fp-usa.com. |
