Press Release: PWK forms new corporate group - HANNOVER Finanz to become majority shareholder


Hanover/ Krefeld, 23.01.2017

HANNOVER Finanz, together with the management, is to take over 100 percent of the long-established business Presswerk Krefeld from MacLean-Fogg Company. The equity capital partner will facilitate a management buy-out, including the divestment of MacLean-Fogg Company’s ownership interest in PWK. PWK has been an affiliate, but legally a separate unit, of MacLean-Fogg Company since 2004. Upon the closing of this transaction, PWK will become the independent PWK Automotive group of companies with around 900 employees and annual sales of approximately € 160 million.

Please read press release here (PDF - 258 KB)