Wrede Industrieholding seeks partner for INTERPRINT
(Arnsberg) Wrede Industrieholding looks back on a remarkably successful development of its “Decorative Surfaces” division. Since the foundation of INTERPRINT in 1969, the company has grown into one of the world’s leading decor printers with around 1.300 employees, more than 350M euros turnover and production facilities in Germany, Poland, Russia, China, Malaysia, USA, and Brazil. Over the past ten years turnover has more than doubled.
In a transforming global market INTERPRINT has a multitude of opportunities to expand its product footprint, depth of value creation, and competency portfolio in order to lift the group to the next level. In this regard, several options for major steps forward have been developed and a considerable investment program lies ahead for the company.
At the same time Wrede asks itself the question, who of the family will actively accompany and lead the group on this path in the mid- and long term. Thomas Wrede, managing director of Wrede Foundation („Wrede Stiftung“) and until 2015 managing director of Wrede Industrieholding, states: “After intensive assessment and discussion we reached the understanding that the next generation will not take over responsibility for INTERPRINT. My grandfather built up a saw mill, my father built up Duropal, I have built up INTERPRINT, and the next generation shall build up something new and of their own. No one should be pushed into a role that is taken on only based on a sense of duty and tradition. In the end this would harm everyone.
Against this background, Wrede Industrieholding together with INTERPRINT management and supported by a renowned management consultancy firm, has started a process to find the right partner that will accompany and actively support INTERPRINT on its promising and challenging path into the future.
“We, the Wrede family and I personally, are very much aware of the great responsibility we have. Once we have found an appropriate and passionate successor for the shareholder role sometime in the next year, it is still to be decided if we will jointly continue or place all shares in their hands,” Thomas Wrede explains. “When selecting an investor or partner, our top priority will be to ensure the future growth and worldwide expansion of INTERPRINT group.”
Current investments for extending service and production capacities are at a record high level, totalling more than 50M euros during this and the following fiscal year. Investments include, among others, a new service center building in Arnsberg, and production expansion in the USA, Russia, and China.