Monday, November 18, 2013

Founding family buys back Bizerba shares from BWK



Bizerba (Germany) - BWK sells 20 percent share of the Bizerba GmbH & Co. KG acquired in 1994 to founding family. The BWK GmbH Unternehmensbeteiligungsgesellschaft (BWK) has sold its 20 percent shareholding of the Bizerba GmbH & Co. KG (Bizerba) to founding family Kraut. The parties agreed not to disclose the selling price.

Bizerba is a market leader in providing solutions for weighing technology, food processing, labels and supplementary services for trade, commerce, industry and logistics. Founded in 1866, the globally operating family-owned business with its headquarters in Balingen generated sales of about 450 million EUR with 3,200 employees in 2012. After purchasing the BWK shares the family holds approx. 90 percent of the company's shares; about 10 percent are owned by the Zurich Deutscher Herold Lebensversicherung AG.

Dr. Jochen Wolf, managing director of BWK: "After almost two decades of successful cooperation I am pleased that our company's shareholding now goes back to the founding family. Together we succeeded in sustainably and positively developing the company since 1994. Selling our shares proves once more our investment approach to accompany medium-sized companies in the long term and in a spirit of partnership."

Andreas Wilhelm Kraut, CEO and shareholder of Bizerba: "The BWK was a reliable partner for us who accompanied and supported all our strategic steps. We very much appreciated the BWK as investor as also a provider of ideas for the joint development of Bizerba. Our decision to buy back the shares is a clear sign of our family's commitment to be in control of Bizerba's affairs in the long term and to carry our strategy further in the future."

During the last twenty years, Bizerba succeeded in strategically expanding its original core business of weighing and slicing systems by entering into new fields of business and to continue its drive towards greater internationalization at the same time. Today, this company with a long tradition covers central processes for industry and trade with integrated solutions for slicing, weighing, processing, cashing, commissioning and labeling.

The BWK is one of the oldest German private equity companies focusing on long-term equity financing of family-owned medium-sized businesses. Factors for an engagement of the BWK are access to growth capital or reorientation of the shareholder group.

About BWK:
The BWK GmbH Unternehmensbeteiligungsgesellschaft (www.bwku.de) with headquarters in Stuttgart is one of the largest private equity companies following a long-term investment approach. The company, with its focus on small and medium-sized businesses, was founded in 1990 and has 14 employees. The BWK currently has investments in 11 German companies amounting to approx. 200 million EUR. These companies generated total sales of approx. 2.1 billion EUR with about 8,000 employees. The largest shareholders of the BWK are the Landesbank Baden-W├╝rttemberg (40 percent) and the W├╝rttembergische Versicherungsgruppe (35 percent).

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