Our partner in Stuttgart, advised on the sale of operating divisions of the Eucrea group of companies, to the Binder Group, headquartered in Neckarsulm near Stuttgart.
The operations of the Eucrea Group, comprising FMB, a leading provider of surface coatings for high-tech products and the selective processing of bulk goods, Weinbrecht & Kücherer, a specialist in functional and decorative plating using precious metals, and Eucrea Industrieservice, a manufacturer of specialist plant for selective galvanizing, were initially stablized by the insolvency administrator, Holger Blümle from Schultze & Braun, who continued the business activities. At the same time, an exclusive engagement was issued to Wintergerst Societät für Unternehmer-Beratung to search for potential investors in the company.
The buyer, the Binder Group, is one of the market leaders in the field of connectors for automation applications and displays the values of a traditional family-run company. Worldwide, Binder employs around 1,700 employees, 1,000 of whom are based at the headquarters in Neckarsulm. The company has 15 facilities worldwide.
Markus Binder, the managing shareholder of the Binder Group, is optimistic about the future:
“With the addition of this new division we bundle our forces and extend our competencies. We look forward to the coming challenges.”
Holger Blümle, insolvency administrator from Schultze & Braun commented:
“I am happy that the operations of the three entities could be taken over by Binder as they now have the opportunity to step forward into a stable future with a strong partner at their side,”.
Volker Wintergerst, Managing Partner at Wintergerst Societät für Unternehmer-Beratung led the transaction, supportede by his associate partner, Jörg Mayer. He adds:
“The transaction process for the Eucrea Group, with multiple entities at three locations in a niche market was particularly challenging due to the very tight timeline set for the deal”.