NEWS
schoen + sandt machinery presses on towards internationalization with CGS
December 11, 2017. Pirmasens, Germany/Pfäffikon, Switzerland
schoen + sandt machinery GmbH is joining forces with CGS to take a strategic quantum leap together towards further internationalizing its business. CGS is taking on a majority stake in schoen + sandt and together with the current managing directors Jürgen Schneider and Bernd Heitzmann, it will dynamize the company’s development. Add-on acquisitions will build a strong industrial group operating around the world.
schoen + sandt machinery GmbH is joining forces with CGS to take a strategic quantum leap together towards further internationalizing its business. CGS is taking on a majority stake in schoen + sandt and together with the current managing directors Jürgen Schneider and Bernd Heitzmann, it will dynamize the company’s development. Add-on acquisitions will build a strong industrial group operating around the world.
Manufacturers of die-cutting machines for non-metallic materials and embossing and shoe machinery are facing constantly evolving customer demands. They must demonstrate flexibility and provide ser- vices at their customers’ doorsteps. In this environment, schoen + sandt would like to expand its inter- national presence in its customers’ global markets with local production and service facilities in order to meet their needs faster and more flexibly. An international position also offers medium-sized busi- nesses greater opportunities and schoen + sandt would like to capitalize on this potential together with CGS.
schoen + sandt was founded in 1867. The medium-sized company now has around 250 employees and three subsidiaries — in Pirmasens (Germany), Eger (Hungary) and Boston (United States). schoen + sandt is a leading manufacturer of die-cutting machines for non-metallic materials and embossing and shoe machinery. In 2007, the company was acquired by a small group of private investors. They have decided to sell a majority stake to CGS, which is becoming its strategic partner for internationalization. The former owners will however retain a stake in the company and support the creation of a global group together with its current management and CGS.
CGS is an independent, experienced industry partner specialized in building medium-sized companies into international groups. Since 1999, CGS funds have been investing in industrial companies in Ger- man-speaking countries and making add-on acquisitions worldwide.
For additional information, please contact:
schoen + sandt machinery GmbH
Jürgen Schneider
E: juergen.schneider@schoen-sandt.de
P: +49 6331 713 101
CGS Management AG
Giorgio Vannotti
E: giorgio.vannotti@cgs-management.com
P: +41 55 416 16 36
