The company BWK GmbH Unternehmensbeteiligungsgesellschaft (BWK) (Stuttgart, Germany) has sold its 20 percent share in Bizerba GmbH & Co. KG (Balingen, Germany) to its founders, the Kraut family.
Bizerba is a market leader in providing solutions for weighing technology, slicers, labels and supplementary services for trade, commerce, industry and logistics. Founded in 1866, the family-owned company operates globally from its headquarters in Balingen. In 2012 Bizerba generated sales of about 450 million euros with 3,200 employees. After purchasing the BWK shares, the family now holds approx. 90 percent of the partnership interest; approx. 10 percent are owned by the company Zurich Deutscher Herold Lebensversicherung AG.
Dr Jochen Wolf, Managing Director of BWK: “After almost two decades of successful cooperation, I am pleased that our partnership shares are now going back to the founding family. Together, we have succeeded in sustainably and positively developing the company since 1994. Selling our shares is yet another demonstration of our investment approach of working with medium-sized companies on a partnership basis in the long term.” Andreas Wilhelm Kraut, CEO and shareholder of Bizerba: “For us, the BWK was a reliable partner who worked with and supported all of our strategic steps. We very much appreciated the BWK as an investor and as a valuable source of ideas for the joint development of Bizerba. Our decision to buy back the shares represents a clear indication of our commitment as a family to continue to lead Bizerba in the long term and pursue our strategy in the future.”
Over the past twenty years, Bizerba has succeeded in strategically expanding its original core business of weighing and slicing systems by entering into new fields of business and, at the same time, continuing to drive the process of internationalisation forward.