The shareholders of Weber Group (“Weber”) are selling a majority stake to the Austrian private equity firm AG Capital as part of a succession plan.
Weber, comprising Weber Bürstensysteme GmbH, Weber Cleaning Parts GmbH, and JPU Reinigungsprodukte GmbH, is a family-owned manufacturer of technical brush systems and cleaning pads for industrial cleaning applications. Founded in 1894, the company today employs around 180 people across its sites in Bad Camberg, Selters/Taunus, and Schmoelln/Thuringia. Weber specializes in the development, production and distribution of technical brushes and cleaning pads for outdoor and indoor cleaning, airport maintenance, agriculture and concrete stone production. With its wide range of high-quality products, the company is among the leading manufacturers of technical brush systems in Europe.
The objective of the partnership with AG Capital is to ensure the group’s long-term development, unlock new growth potential, and strengthen its locations and employment on a sustainable basis. The Menken family will remain involved as minority shareholders and continue to support the group’s development. There will be no changes to the management team. Stefanie and Ulrich Menken will continue to lead the company as before.
Stefanie and Ulrich Menken state: “The decision to sell was not an easy one and follows a thorough and careful process. After more than a century of family ownership, it was essential for us to identify a succession solution that guarantees both stability and long-term growth, while remaining true to the values of our company.”
Karl Lankmayr and Daniel Jennewein, managing directors of AG Capital, added, " Weber is a long-established family business renowned for quality, reliability and practical innovation. Together with the management team led by Stefanie and Ulrich Menken, we aim to further strengthen the company’s strong customer relationships and attractive product portfolio, and to sustainably drive its next phase of growth.”
In close coordination with the sellers, the team of Taurus Advisory (David B. Kauter, Marcus Lichtblau, and Francesco Tufano) exclusively structured and managed the entire transaction process on the sell side. “Weber is a leading provider of technical and industrial brushes in the DACH region. Through a structured and competitive bidding process, we were able to identify AG Capital as the ideal partner for our client. AG Capital has extensive experience in the sustainable development of mid-sized companies and will support Weber going forward, both strategically and proactively, in its further corporate development,” says David B. Kauter, Managing Director of Taurus Advisory.
"We collaborated with Taurus Advisory during the sale of our company and were extremely impressed by their professionalism and expertise. From a structured market approach to an efficient process involving a selection of highly qualified investors, the team led by David B. Kauter clearly presented the strengths of our company while consistently representing our interests. Thanks to their commitment and competence, we were able to complete the process successfully. We highly recommend working with Taurus Advisory!"
STEFANIE MENKEN, MANAGING PARTNER OF WEBER BÜRSTEN
