Munich, July 22, 2021 -Industrial holding company ADCURAM Group has acquired a majority stake in Korte Einrichtungen GmbH, a proven market leader in highly specialized store fitting for chain bakeries, as part of a generational change. The sellers of the shares are the two founders Rainer and Thomas Korte. Thomas Korte remains managing director and also retains shares in the company; his father Rainer moves to the advisory board. The focus of the new partnership is on continuing the success story to date – in particular the targeted intensification of the expansion course already embarked upon. The transaction, the details of which have been agreed not to be disclosed, is still subject to the usual approval by the authorities.
Korte Einrichtungen GmbH, headquartered in Kürten, North Rhine-Westphalia, has more than 20 years of experience in planning and implementing projects in bakery store construction. Founded in 1997 by father-son duo Rainer and Thomas Korte, the family-owned company now operates as a Germany-wide market leader with a strong network of regional planning offices and a high level of craftsmanship and technical expertise. Thanks to its full-service approach, the hidden champion is able to serve a wide variety of customer groups with customized and innovative complete solutions: From site analysis to store opening, Korte Einrichtungen offers its customers – predominantly bakeries, confectioners and cafés, but increasingly also butchers, delicatessens and supermarkets – individual store concepts based on the highest quality and sustainability standards. The economically very successful company employs around 240 people at a total of eight branches throughout Germany and recorded sales of around 40 million euros in 2020.
The new partnership with ADCURAM now sets the course for a successful generational change: Together with the founders and the existing management, the aim is to build on the successes achieved to date and to embark on new growth paths for Korte Einrichtungen. The long-term goal is to sustainably increase the value of the company through appropriate capital strength and, in particular, through the comprehensive operational support of ADCURAM. In addition to strengthening organic and inorganic growth, the focus will be on targeted expansion of the already strong customer portfolio and further expansion of the butchery business. Another central pillar of the partnership in the future will be the further development and expansion of the internationalization of Korte Einrichtungen.
