Bizerba is once again 100 percent family-owned
Buyback of external group shares completed in time for the company's 150th anniversary
On 01 January 2016, Bizerba bought back the company shares from the Zurich Deutscher Herold Lebensversicherung AG. After around 20 years, the company is now once again under the full ownership of the founding family Kraut. In October 2013, Bizerba had already bought back the shares from the equity investment company BWK.
"The buyback of all external group shares could not have happened at a better time, as it coincides with our 150th anniversary which we are celebrating in 2016", says managing partner Andreas Wilhelm Kraut at the helm of the fifth generation family-run company since 2011. "In the face of the positive business development in recent years, we now have the strength to relinquish external financial support."
"We are happy that our commitment has borne fruit", says Dr. Michael Leinwand, Chief Investment Officer of the Zurich Group Germany. "Together we were able to continuously increase the value of Bizerba over the last 20 years and sustainably and positively develop the company."
As early as the 1920s, Bizerba advanced to become the largest German manufacturer of scales. Since then, the portfolio has constantly expanded and today the range includes retail scales, slicing machines, industrial solutions, labels and services. Bizerba employs around 3,400 staff worldwide and in 2014 achieved a turnover of 503.8 million euros.
About Bizerba:
Bizerba offers its customers in industry, trade, and logistics a globally unique solutions portfolio of hardware and software around the central value "weight". This portfolio includes products and solutions related to slicing, processing, weighing, cashing, checking, commissioning and labeling. A wide range of services from consulting and service, labels and consumables to leasing complete the portfolio.
Since 1866 Bizerba has made a significant contribution to the developments in the area of weighing technology and today is represented in 120 countries. The customer base includes globally operating companies in trade and industry as well as retailers, bakeries and butcheries. With 3,400 employees worldwide and with its headquarters in Balingen, Baden Wuerttemberg, Bizerba has been in the same family for five generations. Additional production facilities are located in Germany, Austria, Switzerland, Italy, France, Spain, China and USA. Bizerba also has a global network of sales and service locations.
About Zurich:
Zurich Germany is a company of the Zurich Insurance Group (Zurich). With a gross written premium (GWP) of more than 6,2 Billion Euro, investments of about 31 billion Euro and about 5.500 employees Zurich ist a leading multi-line insurer in Germany. It serves innovative premium solutions in insurance, protection and risk management. Customer orientation and service quality are our number one priorities."