RIEPE is the market leader in high-quality edge finishing, headquartered in Bünde, Germany, and is distinguished by its patented solutions offering unique product performance, international reach, and long-standing customer relationships. With the help of spraying systems and related chemical products, customers in the woodworking industry achieve higher product quality, increased processing speed, and a significant reduction in scrap.
“We are very pleased to have found an experienced partner in PINOVA, which brings a wealth of experience in the strategic development and internationalization of medium-sized companies. Together with our team of long-standing employees and industry specialists, combined with PINOVA’s expertise, we will be able to market new, innovative products and expand our sales network in Asia and South America even more quickly and professionally,” emphasize the two new managing directors, Frank Rave and Ulrich Schmidt, who acquired a stake in RIEPE as part of the transaction.
Herbert Seggewiß, a partner at PINOVA, adds: “We are pleased to support the Riepe family with the business succession and to lead this unique company into its next phase of growth. As part of the transaction, two managers—Frank Rave and Ulrich Schmidt—have acquired stakes in the company and will play a decisive role in shaping its growth trajectory in the coming years. Together, we will continue to tap into the significant revenue potential of the innovative RIEPE in key markets across Europe and the rest of the world.”
“We are proud to have developed RIEPE into a global market leader since its founding and to now be able to hand the company over to our long-time employees Frank Rave and Ulrich Schmidt, as well as to a strong, values-driven partner like PINOVA. RIEPE and its success thrive on the positive aspects of a family-owned business and the RIEPE spirit, which will continue to be preserved in the future,” emphasize Bernd Riepe, Angelika Riepe, and René Riepe.
About RIEPE
RIEPE was founded in 1982 by Hans-Egon Riepe and Bernd Riepe and is a global company in the field of edge finishing, headquartered in Bünde, Germany, with approximately 30 employees. RIEPE develops and manufactures spraying systems and related chemical products to help customers optimize the quality of their products and further automate their production. RIEPE is distinguished by first-class quality, reliability, and unique industry expertise in the field of wood and edge processing. For more information, please visit: riepe.eu
About PINOVA
PINOVA is an independent private equity firm that invests its funds in fast-growing technology companies in German-speaking countries. PINOVA focuses on mid-sized companies with revenues between €10 million and €75 million in the industrial technology and information technology sectors that are characterized by significant growth potential, sustainable competitive advantages, and a strong market position in their niche. For more information, please visit: pinovacapital.com
