Wrede Industrieholding seeks partner for INTERPRINT
(Arnsberg) Wrede Industrieholding can look back on an extraordinarily successful development of its "Decorative Surfaces" division. Since its foundation in 1969, INTERPRINT has become one of the world's leading decor printers with over 1,300 employees, a turnover of more than EUR 350 million and production sites in Germany, Poland, Russia, China, Malaysia, the USA and Brazil. In the last ten years alone, sales have more than doubled.
In a changing, global market, INTERPRINT has a multitude of opportunities to expand its product range, value-added depth and competence portfolio and thus raise the Group to a new level. In this context, several options for larger development steps have recently been developed. This means that the company also has a considerable investment program ahead of it in the coming years.
At the same time, Wrede is currently asking who from the family will actively accompany and steer this path in the medium and long term. Thomas Wrede, Chairman of the Wrede Foundation and Managing Director of Wrede Industrieholding until 2015, states: "After intensive consideration and discussion, we have come to the conclusion that the next generation will not assume responsibility for INTERPRINT. My grandfather built a sawmill, my father built Duropal, I built INTERPRINT and the next generation should build something new and their own. This should be granted to her and no one should be forced into a role which he is only willing to accept out of a sense of duty and tradition. In the end this damages everyone."
With this in mind, Wrede Industrieholding, supported by a renowned management consultancy, has launched a process to find the right partner together with INTERPRINT's management to actively support INTERPRINT on its promising and challenging path into the future.
"We - the Wrede family and I personally - are aware of our great responsibility in this search. When we find a suitable - passionate - successor in the shareholder role next year, it remains to be seen whether we will go down this path together or put all our shares in his hands," explains Thomas Wrede. "When selecting an investor or partner, our top priority will be to continue our growth course and to expand the INTERPRINT Group worldwide in the future as well."
The current investments to expand the existing service and production capacities are at record levels with a total of more than EUR 50 million in the current and the following fiscal year. The investments include, for example, the construction of a new service center in Arnsberg and production expansions in the USA, Russia and China.