H2 Equity Partners acquires Poultry Machinery Joosten
H2 Equity Partners (“H2”) has announced that it has acquired a majority shareholding in Poultry Machinery Joosten (“PMJ”), a leading developer and manufacturer of poultry processing systems, primarily focused on duck processing technology.
H2 will support the management of PMJ with its international growth plans and further professionalization of the company. Together with H2 as a new investor, PMJ is well positioned to expand its product range, and broaden its international presence in the duck and broader poultry processing sector.
Gert Jan van der Hoeven, Managing Partner of H2 Equity Partners: “H2 has been impressed with the highly innovative and unique products of PMJ and their leading international position. We think that the processing equipment market for both duck and turkey will continue to grow over the next decades, due to cost efficiencies and increasing hygiene demands. We look forward working with Egbert Joosten and his team.”
Egbert Joosten, Managing Director of PMJ: “We as PMJ are excited to have H2 on board as our new shareholder. H2 has a strong background with their past investments in poultry processing equipment manufacturing. We look forward to further develop PMJ into a leading international position with the support of H2.”
PMJ is a leading developer and manufacturer of poultry processing equipment, and more specifically for duck and turkey. The company was founded in 1998 by Egbert Joosten, who had worked in product development with Meyn Food Processing Technology. Egbert and his team have developed processing equipment for heavier birds, with significantly increased demands. As a result of their innovative and unique solutions, PMJ is now the world market leader in this niche. PMJ is headquartered in Opmeer.
Source: H2 Equity Partners