CGS buys Stürtz Maschinenbau

CGS drew equity from CGS Partnership IV. The selling shareholders are a group of family offices that acquired Stürtz in 2013.

CGS will use Stürtz as a buy-and-build platform, targeting acquisitions with the goal of building the largest PVW window production system manufacturing group in the world.

Karl-Heinz Stürtz has retired after 40 years at the helm of the company and Joerg Breuer has taken over as CEO.

Company
Founded in 1946 and headquartered in Neustadt, Stürtz produces machines and designs production systems for manufacturing PVC windows. It has delivered 9,780 machines since 1995 and employs 220 people. According to publicly available documents it generated an operating profit of €13m in 2015.

People
Stürtz Maschinenbau – Joerg Breuer (CEO).

Advisers
Vendor – CF:M (M&A).

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• Topics
• Buyouts
• DACH
• Industrials
• Germany
• CGS Management
• Buy-and-build