Heberlein, founded in 1835, successfully completed the sale of its business on 31st of October 2023. The new joint ownership comprises the company’s management, alongside industry expert Daniel Lippuner and the Renaissance investment foundation. From November 1, 2023, the company will operate under the name “Heberlein Technology AG”.
The owners commit to investing in the long-term success of a business that already combines traditional values with innovative power. The brand is known for its high level of expertise and its tailor-made solutions for the textile business. As the world’s leading supplier of jets for synthetic yarns, Heberlein develops, produces, and distributes key components for the man-made fibre industry. Around 80 employees and an efficient infrastructure in Wattwil, Switzerland, ensure that international customers can continue to rely on quality and reliability.
Pension funds established the Renaissance investment foundation for pension funds, and it has been investing in unlisted Swiss SMEs for over 20 years.
Under the new ownership, the Heberlein business will continue unchanged at the current location in Wattwil with the current management and all current employees.
The board of directors and management of Heberlein AG embrace this solution and firmly believe that the company’s existence and its traditions will now receive long-term security, and it will continue to prosper successfully – which is also positive news for the business location of Toggenburg and the canton of St. Gallen.
Martin Zuercher, CEO of Heberlein, says of the transaction: “With this sale, we are opening a new, positive chapter in the company’s long history. The Renaissance investment foundation found an owner who focuses on long-term success. Together with the energetic management team, I look forward to continuing to make a significant contribution to Heberlein’s success in the future.”
Source: Heberlein