BWK sells 20% Bizerba stake in owner buy-back

The Kraut founding family now owns around 90% of Bizerba, with the remaining 10% owned by Zurich Deutscher Herold Lebensversicherung, a subsidiary of global insurance company Zurich Insurance Group.

BWK originally acquired the minority stake in Bizerba in 1994.

The Stuttgart-based private equity house typically invests €5-70m in companies with a minimum turnover of €15m. It currently has 11 companies in its portfolio.

BWK's main limited partners are state bank Landesbank Baden-Württemberg, which holds a 40% stake in BWK, and insurance group Württembergische Versicherungsgruppe, which holds a 35% stake.

Company
Bizerba manufactures scales, slicers and labels, and offers food-processing-related services.

The firm was founded in 1866 and is now based in Balingen.

Bizerba reported revenues of €450m in 2012, operating in around 140 countries worldwide with additional manufacturing plants in the US, Italy, Austria, Switzerland and China.

People
Jochen Wolf is managing director at BWK. Andreas Wilhelm Kraut is CEO of Bizerba.

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