22.10.2014 • News

Hannover Finanz Takes 28.6% in Biesterfeld Holding

Private equity investor Hannover Finanz Group has taken a 28.6% share of Biesterfeld AG, the holding company for German chemicals and plastics distributor Biesterfeld Group.

The remaining shares will continue to be held by Biesterfeld's wealth management arm, Biesterfeld Vermögensverwaltung.

Since January 2011, Hannover Finanz has been a silent partner in the wealth management company.

Birger Kuck, CEO of the family-owned distributor, said the participation of the private equity company - which goes hand in hand with a capital increase - "allows future growth of the group and sustainably strengthens its equity position."

Virtual Event

High Performance Food Production
Perfection Starts in the Tank

High Performance Food Production

On Demand | Optimize your food production with smarter mixing—join the Ystral seminar to discover 20 real-world applications that cut processing times, reduce costs, and boost product quality.

Interview

Navigating Uncertainty and Driving Innovation
Meeting Pharma’s Demand for Speed, Reliability, and Flexibility

Navigating Uncertainty and Driving Innovation

Axplora CCO Arul Ramadurai discusses navigating industry uncertainty, building strategic partnerships, and advancing flexible pharmaceutical manufacturing

Top-Feature

most read

Photo
News • Chemistry

VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.