HESS Group merges with Top-Werk GmbH

  • dec 2013
  • Industri
  • Säljrådgivning
  • Tyskland
  • PRIVAT FÖRETAGSFÖRSÄLJNING

German groups create building blocks for growth

Livingstone’s Industrial sector team has advised the shareholders of HESS Group on its merger with Top-Werk GmbH, backed by Swiss private equity house CGS Management giesinger gloor lanz & co.

HESS was founded in 1948 and is a leading global provider of machinery to the construction materials industry. The company supplies the entire range of equipment for manufacturing concrete blocks and concrete pipes as well as aerated concrete and sand-lime brick products.

Top-Werk is the parent company of SR-Schindler Maschinen-Anlagentechnik GmbH and Regensburg and Prinzing GmbH Anlagentechnik, companies which specialise in the production of highly sophisticated plant and equipment for the concrete products industry.

The merger will create a group with a truly global presence, operating in over a dozen countries. The expanded and significantly strengthened group will be better able to meet clients’ requirements and materially increase the scope and appeal of their innovative market offerings.

Together with Top-Werk executives Georg Prinzing and Richard Scheuerlein, the Managing Directors of HESS Group, Ralf Beier, Tobias Hess and Friedrich Krombach, will constitute the Management Board of the enlarged group.

Ralf Beier, CEO of the HESS Group said: “With the merger of the HESS Group with Top-Werk and the companies Prinzing and SR Schindler, an organisation is emerging that brings together all aspects of the latest machine and equipment production technology for industrially manufactured concrete products under the same roof. This will allow us to satisfy clients’ needs even better and offer an integrated single-source solution with unprecedented dimensions.”

Christoph Haller, Managing Partner of CGS Management, added: “With this merger we are reaching another significant milestone on the way to unleashing the huge potential inherent in a consolidation of these various offerings in this sector. The first fully integrated provider of solutions for the industrial manufacturing of all kinds of concrete products is emerging, which will enhance the benefits offered by the expanded Top-Werk Group to its clients around the world.”

Christian Grandin, Partner at Livingstone Düsseldorf, commented: “With the backing of CGS Management, a specialist private equity investor in industrial buy-and-build transactions, the shareholders have found the perfect partner for their company.”

This is the seventh deal that Livingstone’s Industrial sector team has advised on in 2013, including the acquisition of  Menerga by Systemair, JD Norman and the sales of Watkins Hire and Four Seasons Group.


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