Brookfield has agreed to acquire Fosber, the Italian corrugated packaging machinery supplier, in a transaction valuing the business at about $900m.

The carve-out from Guangdong Dongfang Precision remains subject to regulatory approval and is expected to close in 2026.

The acquisition will be financed through Brookfield Capital Partners with $480m in equity, including a $170m commitment from Brookfield Business Partners. The deal strengthens Brookfield’s long-running private equity strategy of backing industrial and manufacturing companies that can scale globally. The firm has invested in Chemelex, Clarios, and GrafTech across two decades of industrial buyouts.

Fosber, founded in 1978 and based in Lucca, designs high-speed corrugating machines and supplies maintenance, spare parts, and digital monitoring services to packaging producers worldwide. It operates in Italy, the US, and China. Dongfang first invested in Fosber in 2013 before acquiring full ownership in 2017.

Anuj Ranjan, CEO of Brookfield’s private equity group, said the transaction reflects the firm’s strategy of investing in European industrial leaders with global operations. Fosber recently announced a partnership with Fujifilm Integrated Inkjet Solutions to enhance print quality and sustainability in the corrugated packaging sector.

Brookfield Asset Management, which oversees more than $1tn across its global platform, manages $150bn in private equity strategies.

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