US-based Brookfield has agreed to acquire Fosber, an Italy-based industrial technology supplier to the corrugated packaging industry, for approximately $900m. The deal is expected to be completed in 2026. Fosber, founded in 1978, provides high-speed corrugating machines and services to box manufacturers globally, operating in Italy, the US, and China.

Brookfield plans to finance the acquisition through its Brookfield Capital Partners strategy, with $480m in equity, including $170m from its affiliate Brookfield Business Partners. The private equity arm of Brookfield has a history of investing in industrial and manufacturing businesses, targeting regional leaders for global expansion.

Fosber recently partnered with FUJIFILM Integrated Inkjet Solutions to enhance print quality, operational flexibility, and sustainability in the corrugated packaging sector. Brookfield Asset Management, with over $1tn in assets under management, will add Fosber to its portfolio through this strategic acquisition.

Read more at Yahoo Finance: Brookfield to buy packaging machinery supplier Fosber for $900m