Wolfensberger Foundry Sold to Private Equity Firm
The Munich-based investment company Fidelium Partners acquired the Wolfensberger AG foundry based in Bauma, as of December 31, 2017. Management under the leadership of Markus Schmidhauser and all employees remain with the company. In addition, the buyer has agreed by contract to continue operations at the Bauma site.
After turbulent years, the business situation of Wolfensberger AG has stabilized and saw positive developed in the past year. Nevertheless, the company is still confronted with a fundamentally difficult economic environment, fierce competition and constant currency and cost pressure.
In order to remain competitive in the future, further modernization and automation measures are necessary. At the same time, the further development of new production technologies is of central importance for Wolfensberger. The focus is on the industrial implementation of the new technology of "thin-walled steel casting". The development of this technology requires considerable financial resources.
The necessary investments would exceed the owner family's possibilities. Therefore, a long-term oriented owner with adequate financial means was needed. The private equity firm Fidelium Partners stands for long-term, growth-oriented investments and has committed itself to maintaining Wolfensberger AG in the long term and to continue operations in Bauma. The investro will also take over the entire management team and all employees. Fidelium manages a financially strong fund of German entrepreneurial families. The fund's assets amount to approximately € 103 million and are available for the acquisition of companies, subsequent investments and additional purchases.
The founder and owner family is confident that Fidelium offers a viable succession plan to lead the foundry in Bauma into a successful future.
This article was first published by Schweizer MaschinenMarkt. Executive editor: Susanne Reinshagen.
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