As part of the strategic further development and expansion of its business as well as a meaningful succession planning the shareholders of WEENER Plastik AG in Weener/Germany have decided to transfer their shares in the company to Lindsay Goldberg LLC, New York. Lindsay Goldberg LLC is represented in Central Europe by Lindsay Goldberg Vogel GmbH, Duesseldorf/Germany. The takeover is subject to approval by the Federal Anti-Trust Board.
In the past the consistent further development of the product portfolio and of the manufacturing processes making them state of the art have decisively contributed to the success of the WEENER Group of companies. “The spectrum of expertise and possibilities that we can offer in the Group secures our competitive edge. This edge includes our innovative power, our broad technological basis and our proximity to customers thanks to our global reach. In Lindsay Goldberg we have found the ideal partner to also continue leading the Group of companies in this spirit in future,” says Johann Meinders, Board Chairman of WEENER Plastik AG.
The new owner will seamlessly follow on from the successful strategy of the past years: In future corporate activities will also focus on healthy growth and strengthening the market position in global competition. With Lindsay Goldberg the further global orientation of the company can be pushed. All 450 jobs at the WEENER location and the other 750 jobs at the sites in the worldwide production network will be retained.
“WEENER is truly a Hidden Champion. Based on solid funding we will push WEENER’s international growth over the coming years leveraging our vast entrepreneurial experience,” explains Dr. Thomas Ludwig, CEO of Lindsay Goldberg Vogel GmbH. “We are very pleased to have found a new owner in the shape of Lindsay Goldberg who will continue leading the company in the spirit of the former shareholders and support the further international expansion of the WEENER Group with its entrepreneurial skills and capital,” says Johann Schröder, Chairman of the Supervisory Board of WEENER Plastik AG.
It has been agreed to maintain silence concerning the details of the transfer of ownership.
| Manuela Vinke Tel.: +49 4951 306-0 Fax: +49 4951 306-150 M.Vinke@wppg.com |
