Transactions

The operations of the Eucrea Group, comprising FMB, a leading provider of surface coatings for high-tech products and the selective processing of bulk goods, Weinbrecht & Kücherer, a specialist in functional and decorative plating using precious metals, and Eucrea Industrieservice, a manufacturer of specialist plant for selective galvanizing, were initially stablized by the insolvency administrator, Holger Blümle from Schultze & Braun, who continued the business activities. In parallel, an exclusive engagement was issued to Wintergerst Societät für Unternehmer-Beratung to search for potential investors in the company.

The buyer, the Binder Group, is one of the market leaders in the field of connectors for automation applications and displays the values of a traditional family-run company. Worldwide, Binder employs roughly 1,700 employees, 1,000 of whom are based at the headquarters in Neckarsulm. The company has 15 facilities worldwide. Markus Binder, the managing shareholder of the Binder Group, is optimistic about the future: “With the addition of this new division we bundle our forces and extend our competencies. We look forward to the coming challenges.”