08.07.2008
Coppenrath & Wiese Restored to Full Family Ownership
Conditorei Coppenrath & Wiese GmbH & Co. KG, Osnabrück, has been restored to full family ownership. A consortium of banks lead managed by WestLB granted the company an acquisition loan to finance the repurchase of the remaining shares.
In the context of changes in the shareholder structure, WestLB had acquired a 26.9% interest in Conditorei Coppenrath & Wiese in 2005. This interest has now been repurchased by the family shareholders as planned. The company mandated WestLB in recognition of its long-standing and excellent business relationship with the Bank, which continues after WestLB´s withdrawal from the group of shareholders.
About Conditorei Coppenrath & Wiese
Conditorei Coppenrath & Wiese – one of Europe´s largest manufacturers of frozen cakes and pastries – continues to rely on first-class products made to traditional recipes. The company´s motto: “We aim to be the confectioners of choice in the freezer and offer the best alternative to home-made baking – including the same taste.”
With over 1,800 employees, Coppenrath & Wiese is the leading supplier of frozen cakes and pastries in Germany. The company produces exclusively in Germany in Mettingen near Osnabrück. Foreign sales account for a fifth of the company´s total turnover.