FIFTH GENERATION LEADS HANDTMANN GROUP OF COMPANIES

(Biberach, Germany 3rd April 2023) Markus Handtmann and Valentin Ulrich represent the fifth generation of the Handtmann family to take on management of the Handtmann Group of Companies with headquarters in Biberach an der Riß on 1st April 2023. As of the end of June 2023, the current Managing Partner of Handtmann Holding, Thomas Handtmann, will move to the Advisory Board of the family-owned company.

Twenty-five years ago, Thomas Handtmann took over the management of the family business from his father Arthur Handtmann. Turnover between then and now has more than quadrupled to 1.1 billion euros today. The headcount also increased from around 1,600 to 4,300 in 2022, distributed over six divisions in total: Filling and Portioning Systems (F&P), Light Metal Casting, Systems Engineering, Process Technology, Plastics Engineering, and e-solutions. Handtmann today has a global network of numerous production and sales locations in addition to the headquarters in Biberach. This includes new foundries in China and Slovakia as well as new locations in Reutlingen (Germany), the Czech Republic, and the Netherlands as part of the F&P division. “From a medium-sized enterprise in Upper Swabia, we have developed into an internationally operating technology company. What is important to me personally is that throughout this time we have always been a family business and that many working people at Handtmann have a strong sense of belonging. It is the people that make Handtmann. They are the key to our success,” explains Thomas Handtmann.

At the end of June, 70-year-old Thomas Handtmann will move to the Advisory Boards and transfer responsibility for the group of companies to his son Markus Handtmann and nephew Valentin Ulrich. Both have mechanical engineering and management experience and have already held various management positions at Handtmann and other companies. Valentin Ulrich, previously CFO in the management of the F&P division, outlines the group of companies’ future course: “Topics such as internationalization, innovation, digitalization and openness to new ways of working are crucial for the future of Handtmann. We will be investing in these and other areas to create sustainable long-term value for our customers, our employees, society, and our group of companies.” Harald Suchanka, CEO F&P, endorses the strategic focus: “The Handtmann family supports the expansion course of our division with sustainable investments in our production and sales infrastructure. I very much look forward to successfully pursuing the corporation’s continued growth course together with the fifth Handtmann generation. Markus Handtmann summarises: “Our goal is to position Handtmann well for the future so that we can continue moving forward on the path to success. Our group of companies operates widely diversified, is a strong investor and employs a large number of enthusiastic people. We are very pleased to be leading this team from now on.”

*********************************************************************************************

About the Handtmann Group of Companies
The Handtmann Group of Companies is a globally active technology company operating in the processing industry with 4,300 employees, 2,700 of whom work at the headquarters in Biberach an der Riß. Cutting-edge technology, innovation and a strong focus on the individual are at the core of the business run by the founding Handtmann family from Biberach. Handtmann is decentrally organized in six divisions with autonomous management structures: Light Metal Casting and Systems Engineering for the automotive industry, Filling and Portioning Systems and Process Technology for the food industry, Plastics Engineering and e-solutions. At the head of the group of companies is a holding, which acts as the management, financing and holding company. In 2022, Handtmann generated sales of 1.1 billion euros. A high degree of investment in research and development and production facilities is facilitated by a strict reinvestment policy on the part of the owners of the company to be able to sustainably support qualitative growth. The Group of Companies is currently represented in over 100 countries with its own production sites, subsidiaries and agents. Established in 1873 as an artisan brass foundry, Handtmann will be celebrating its 150th anniversary in 2023.

About Handtmann Filling and Portioning Systems (F&P)

The Handtmann F&P division belongs to the owner-managed Handtmann Group of Companies based in Biberach in southern Germany. This division constitutes a leading manufacturer of process technology for food processing and offers modular, integrative line solutions from product preparation all the way through to the packaging solution. The range of products is flanked by process-supporting digital solutions developed in-house. At the same time, investments are being made in sustainable food innovation concepts, which also includes the state-of-the-art technology and customer centres at the company headquarters. The Handtmann Group employs around 4,100 people worldwide, of which 1,500 in the F&P division. The company is represented in over 100 countries around the world with numerous subsidiaries and sales and service partners and also operates a comprehensive network of strategic partnerships. www.handtmann.com/food

Press contact:

Handtmann Maschinenfabrik GmbH & Co. KG

Hubertus-Liebrecht-Straße 10-12

D-88400 Biberach/Riss

Tel. 0 73 51/45 1432

brigitte.brehm@handtmann.de