The company has been taken over by strategy-driven private investment firm Watermill Group.
Enbi manufacturers high-performance precision rollers, gaskets, seals and insulation for complex applications in image transfer, fusing, substrate transport and acoustic and thermal insulation, serving world-class OEMs in digital printing, cash handling systems, HVAC, and other industries in which precision and quality are critical to end-product performance.
The Enbi deal marks Watermill’s second major cross-border acquisition in two years, deepening the firm’s presence in Europe and adding to its global portfolio of holdings.
“Enbi is a dynamic engineering-driven organisation,” stated Tracy Streckenbach, Partner, Watermill. “The company’s technical acumen and worldwide manufacturing capabilities have established it as an innovative partner serving rapidly changing, global end markets.”
“We are looking forward to working with Enbi’s talented leadership team and applying Watermill’s strategy-driven approach to accelerate growth,” Streckenbach added.
Founded in Nuth, The Netherlands, and headquartered in Shelbyville, Indiana, Enbi’s manufacturing presence spans the USA, Europe and Asia. These facilities, combined with Enbi’s “globally collaborative” approach to problem solving, fuel the organisation’s product development prowess, and enable it to scale manufacturing services that meet the specific technological needs, volume demands and geographic strategies of market-leading customers.
“Enbi has demonstrated an ability to anticipate and deliver on technically-rigorous customer demands in evolving markets,” Streckenback continued. “We see rich opportunities to deepen and expand that critical capability, while maintaining the company’s high standards for safety and productivity.”
Robert Sallmann, Chief Financial Officer of Enbi, said: “We built and grew Enbi’s leading-edge position by providing precision products that help our customers compete at the highest level. As we begin this exciting journey with Watermill, our customers and partners can expect that same commitment to product and service excellence, while we work in parallel to fortify our strengths and uncover new opportunities to bring best-in-class thinking to the market.”
Watermill acquired Enbi from Platinum Equity for an undisclosed amount.
