The south German family business is transferring operations to the management and 100 percent of the shares to the private equity company HANNOVER Finanz Group with immediate effect.
Königsbach-Stein / Hannover, 24 September 2015 - The HANNOVER Finanz Group has now taken over 100 percent of the shares in F&W, Frey & Winkler GmbH, based in Königsbach-Stein, from the family entrepreneurs, and intends to support further growth from the position of the shareholder. The family business, founded in 1957 by Oswald Frey and Emil Winkler, which has acquired an excellent reputation as a component supplier to the ophthalmic industry and, starting ten years ago, in medical technology, made arrangements for succession at an early stage. As there was no opportunity for corporate succession within the family, the business established a strong management team with directors Martin Boch and Martin Skopp in good time, and has now placed the management of the company totally in the hands of the directors. The company, with a staff of 160, currently achieves sales of 13.3 million euros.