MARKUS Partners advised Carl Werthenbach Konstruktionsteile GmbH & Co. KG on the sale of its automotive parts business unit to HESS Automotive
“In the future, we want to focus on the industrial technology business and therefore sought the best solution for a successful continuation of our automotive parts business unit and found it with Hess”, explains Michael Werthenbach, shareholder of the company.
With the acquisition of the eight Werthenbach locations HESS Automotive expands its operating region and continues to actively participate in the consolidation of the fragmented automotive aftermarket wholesale industry.
“The coinciding interest between the Werthenbach and Hess executives to each focus on core competencies while securing as many jobs as possible can be combined with a meaningful expansion of our operating region” summarizes Philipp Hess the advantages of the transaction.
The Werthenbach locations will be integrated into HESS Automotive one by one within a year and equipped with modern scalable IT systems.
MARKUS Partners acted as Financial Advisor to Carl Werthenbach Konstruktionsteile GmbH & Co. KG.
About Werthenbach – www.werthenbach.de
For more than 85 years Werthenbach develops, conceives and supplies high-quality components to a wide circle of challenging customers. Over the years the familyowned company with its head office in Bielefeld has built up a reputation as a reliable partner for all segments in industrial engineering, hydraulics, as supplier of automotive parts and in the Aerospace segment.
About HESS – www.hess-automotive.de
HESS Automotive is a group of companies with around 1,200 employees and headquarters in Cologne, Germany, specializing in the wholesale of automotive spare parts, engine parts as well as tools and workshop equipment. Since 1929 the group successfully operates in the market and is expanding continuously, organically and through acquisitions.