|As part of a succession plan, the Schunk Group, long-time partners of Gressel AG, acquired 100% of the shares of Gressel AG, the Swiss leader in mechanical clamping technology.|
|Target Company Name||Gressel AG|
|Buyer Name / MBO Team / MBI Team||Schunk Group|
The future of the traditional business of Gressel AG in Aadorf, Switzerland has been secured within the framework of a long-term succession plan. The Schunk Group, long-time partners of Gressel AG, acquired 100% of the shares of the Swiss leader in mechanical clamping technology.
Vaccani, Zweig & Associates acted as exclusive financial (M&A) advisors to the Seller.
As part of a long-term succession plan, the owners of Gressel AG sold their business to the world market leader in clamping technology and long-standing partner of Gressel AG. The site Aadorf with its 60 employees thus remains long-term an important location for the new owners. The acquisition was completed on August 27, 2014.
In a separate transaction, the company’s extensive real estate was sold to a company in the area. Simultaneously, a long-term rental agreement between Gressel AG and the new property owner was negotiated.
With regards to the sale of the business, the family Müller-Gressel said: “We are very happy to have found an excellent succession solution together with the family-owned Schunk Group. It secures the future of Gressel AG in Aadorf, and being a member of the international Schunk Group will allow the success story of Gressel AG to continue.”
Gressel AG was founded in 1923 by Edmund Gressel in Aadorf as a mechanical workshop. In the 90 years since its foundation, the company achieved a leading position in the area of mechanical clamping technology. Gressel clamping products are used worldwide in the treatment of metals and for all types of work pieces. Their products are known for being innovative, high quality and simple to operate. The company manufactures on-site at the Aadorf location and distributes its products worldwide.
Vaccani, Zweig & Associates' Role
VZ&A led the sales process and supported the business and real estate transaction as exclusive M&A advisors. In this function, VZ&A prepared all necessary documentation, coordinated all due diligence activities and led the negotiations on behalf of the Seller.
|ICFG Office||Zurich: A. Vaccani & Partners, Switzerland|
|ICFG Advisory||ICFG Zurich supported the seller in 2014.|