Renz changes ownership
| 19 May, 2014
Renz GmbH has been acquired by a group of private entrepreneurs with Georg Saint-Denis newly appointed as CEO of the Renz group. Michael Schubert is Managing Director and also responsible for sales, marketing and development. The management team is expected to be completed in the coming months by a new CFO.
Renz is a medium-sized family firm more that is more than 100 years old and has approximately 300 employees, including 160 at its headquarters in Heubach. The firm specialises in the manufacture of punching, binding and laminating systems and binding supplies for a wide range of applications from the office to the paper processing industry.
Managing Director Michael Schubert said: "I am delighted that we have found a group of experienced and active investors, with which a successful and sustainable development program is now possible for the group. The significant strength of equity is the basis for the restructuring of the company and opens up further growth potential for the Renz Group ."
The outgoing majority shareholder of Renz GmbH, Peter Renz, retired in 2012 from the operating business and remains in the group as a consultant and an advisory board member. "The investor participation begins a new era for the Renz company and also opens up significant growth opportunities that were unreachable for us to date. I am glad that I was able to lay those foundations for the further successful development of my life's work,” commented Peter Renz.