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Management Buyout at SWB Stahlformguss
09/01/2004 - SWB Stahlformguss GmbH, Germany, has been sold to CEO Bruno Mayer and authorized officer Wolfgang Callies in a management buyout. Norddeutsche Private Equity GmbH in Hamburg, Germany, has also acquired an interest in the company as a financial investor. The sale was effective September 1, 2004.
SWB Stahlformguss GmbH, Germany, has been sold to CEO Bruno Mayer and authorized officer Wolfgang Callies in a management buyout. Norddeutsche Private Equity GmbH in Hamburg, Germany, has also acquired an interest in the company as a financial investor. The sale was effective September 1, 2004.
In the future, the company will revert to its traditional name Stahlwerke Bochum GmbH. The 114-strong workforce generates sales of around €20 million, mainly for export. Successful since its formation, the company specializes in the production and sale of wear-resistant steel castings for the steel recycling and rock crushing industries.
SWB Stahlformguss GmbH, Bochum, Germany was a ThyssenKrupp Steel AG company.
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