The Hamburg-based investment company CE Capital Partners will take over the business operations of Friedrich Wilhelms-Hütte Eisenguss GmbH, Steel Casting Division ("FWH").
("FWH"), a traditional manufacturer of cast steel products based in Mülheim an der Ruhr, will take over. Likewise, the company responsible for the provision of services and Friedrich Wilhelms-Hütte GmbH, which is responsible for the provision of services and administrative tasks, will will be transferred.
The corresponding purchase agreements have already been concluded, and the conditions for their have all been fulfilled in the meantime. For technical reasons, the formal takeover will be 1st September 2021 for technical reasons. From this date, FWH will operate as FWH Stahlguss GmbH, the management company as CE Mülheim Verwaltungs-GmbH.
"We are very pleased to have found a buyer in CE Capital Partners after a challenging investor process. who will take over and further develop the Friedrich Wilhelms-Hütte, which is rich in tradition," says the
and wants to develop it further," says the managing director responsible for the restructuring. Dr. Dirk Andres, lawyer and restructuring expert from the law firm AndresPartner. The international investor search was led by the consulting firm starkpartners consulting GmbH from Meerbusch.
The seller and buyer have agreed not to disclose the purchase price or the economic conditions. have agreed to maintain confidentiality. Nicolas Neumann, managing partner of CE Capital Partners GmbH, is pleased with the about "the acquisition of one of the leading steel foundries in Europe, which will be CE Capital Partners will position it globally in the market with its outstanding products. market in the next few years". Neumann did not rule out further acquisitions by the CTI Industrie Holding Neumann did not rule out further acquisitions in this context.
Dr. Klaus Schmitz-Cohnen implemented the transaction - Lars Steinheider becomes new Managing Director
The management of FWH Stahlguss GmbH has been taken over by Lars Steinheider, a man who has been experienced in the foundry industry for over 25 years, who most recently served as managing director of
of Buderus Guss GmbH, Breidenbach, Germany (product division of Robert Bosch GmbH) and as a and as a director and shareholder of MAT Foundry Group, Poole, United Kingdom. where he was successfully active for many years. Lars Steinheider is Industrial Partner at CE Capital.
The transaction was executed for CE Capital Partners by Dr. Klaus Schmitz-Cohnen, Managing Director of Knight Wendling GmbH, Düsseldorf, the world's leading consulting firm in the foundry industry. Dr. Klaus Schmitz- Cohnen is an advisory board member at CE Capital.
"We would like to thank all the key parties involved, in particular our employees, who employees, who have made the current FWH continuation solution possible," added lawyer made possible", adds lawyer Dr. Dirk Andres.
The staff of Friedrich Wilhelms-Hütte was informed today, in compliance with the applicable hygiene regulations about the sale and the further procedure. Background: Due to massive drops in turnover caused by the Corona pandemic, Friedrich Eisenguss GmbH and Friedrich Wilhelms-Hütte GmbH had both initiated a protective initiated a protective shield procedure in order to decisively advance the necessary restructuring process and to reposition themselves for the future. The competent court had opened the proceedings in self-administration at the beginning of October 2020 and appointed the experienced and appointed Prof. Dr. Jan Roth, a lawyer with restructuring experience from the law firm WELLENSIEK, as the to supervise the management and protect the interests of creditors. creditor interests.
Further information:
In the steel foundry of Friedrich Wilhelms-Hütte Eisenguss GmbH ("FWH") in Mülheim an der for more than 200 years, cast components have been produced for a wide range of for a wide range of customer sectors. As a traditional manufacturer of cast products, FWH is specialises in high-tech steel castings of various alloys. CE Capital Partners GmbH is an investment company based on the Hanseatic model that provides capital to companies worldwide independently of banks, investment funds or the capital market.
