
RBB buys stake in Wurst- und Fleischwaren Bautzen
RBB Management and entrepreneurs Karl and Uwe Dominick have acquired Wurst- und Fleischwaren Bautzen following the search for new investors during the cmopany's insolvency process.
Karlheinz Schlenkrich will remain on the company's board as managing director.
The company filed for insolvency in November 2019, citing the loss of a significant international customer, as well as difficult market pricing conditions, changing consumer dietary habits and a fall in consumer confidence.
RBB is the investment arm of a number of Saxony-based regional banks. The firm invests in situations including management buy-ins and succession solutions. The firm invests €100,000-1.5m in equity per company, generally taking minority stakes and investing for a 10-year period.
Company
Wurst- und Fleischwaren Bautzen produces meat and sausage products. Based in Bautzen in eastern Saxony, the company was founded in 2003. It employs 60 people and sells its products via its factory outlet, online shop and Amazon. It comprises brands including Meister's Bautzen, Meister's Bautzen Feuerabend and LaFiness.
The company reported revenues of €11.2m in 2018. However, its profits fell between 2013 and 2018, when it reported -€253,000 in profit, according to Northdata.
People
Wurst- und Fleischwaren Bautzen – Karlheinz Schlenkrich (managing director).
Advisers
Company – ABG Consulting-Partner, Simon Leopold (M&A); Beck Rechtsanwälte, Thomas Beck, Folker Hochmuth (legal); Schultze & Braun, Dirk Herzig (legal).
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