The successor

Christoph Kleine, a native of the Sauerland region and family man, initially studied mechanical engineering with a focus on design before concentrating on technical business management in his master's degree. Together with a partner, he started his own business in the service sector for the first time in 2018. However, his affinity for mechanical engineering and his love of metal as a material made him want to return to working in a manufacturing company. This time, he wanted to be the owner and managing director...

The project

... and so, in mid-2020, Mr. Kleine contacted WESTFALENFINANZ GmbH and worked with Mr. Bolz to develop a search profile for his ideal company (industry, region, size, etc.).

It didn't take long for Mr. Bolz to establish contact between LOTEC and Mr. Kleine. The management of the Joachim Loh Group was open to discussions about selling the subsidiary. Mr. Kleine had everything it took: as a young, motivated entrepreneur with the right expertise in mechanical engineering and experience as a managing partner, he was the perfect fit to take over LOTEC GmbH as a management buy-in (MBI) candidate.

The acquisition

After the two parties got to know each other, it quickly became clear that the chemistry between buyer and seller was right and that both sides were keen to proceed with the transaction. After Mr. Kleine spent a few days at the company, a "streamlined" due diligence process was carried out and the financing was finalized with the accompanying bank.

As managing partner, Mr. Kleine is driving the company forward with rocket-like momentum; the new impetus is having a positive effect on many areas of the company.

Further references