The Lauterbach-based STI Group is to be sold. A strong partner is being sought for the packaging and display provider. This was announced by the Hessian company on 13 March 2019.
It is about the Sale of to secure the future of the company. With a partner, the aim is to build on recent successes and promote future growth, according to the company press release, referring to an initiative by owner Dr Kristina Stabernack. Dr Stabernack represents the fourth generation of the owner family.
The STI Group generally considers itself to be in a good position. In the past two years, annual turnover has increased by around seven per cent, it is announced. The reason for this lies in the Managing Director Jakob Rinninger and Andrea Wildies triggered Realignment.
Measures to increase efficiency were successful
Measures to Increased efficiency The company's successful reorganisation initiatives have been initiated, which, in combination with growth, have made the company more profitable than average. The aim of the managing directors is to continue the successful reorganisation initiatives under a new owner.
Now STI to go in search of a buyer. An advisory board will be available to advise the owner. In his role as CEO, Jakob Rinninger will accompany the process from the company's perspective. It is important to Dr Stabernack that the new partner promotes future growth and thus acts responsibly in the interests of employees and customers, concludes the company press release.
Major employer in the Vogelsberg district
According to its own information, the STI Group employs more than 2,000 employees on eight production sites in Germany, Hungary, the Czech Republic and the UK. There are also other international sales offices and co-operation partners.
The entrepreneurial decision was also reflected in the local media. The website of the regional Lauterbacher Anzeiger STI Group is expected to be Vogelsberg district about 1,000 jobs at the Lauterbach, Grebenhain and Alsfeld sites. The newspaper spoke to family members who saw the search for a partner as a measure to safeguard the location. The Grebenhain and Alsfeld plants in particular have been in turmoil in recent years, according to a commentary in the Fuldaer Zeitung.
