Wischemann Group
The company
Originally founded in 2002 as a subsidiary of his father's company, Ingo Wischemann and his team transformed the Wischemann Group in Ochtrup into one of Europe's leading plastics specialists for innovative thermoformed parts and deep-drawing processes. In the meantime, the company has weathered three national economic crises and purchased its former parent company, integrating it into the group.
The project
This positive development presented the managing partner with the crucial question of the company's future strategic direction. At that point, it seemed inevitable that the international business would have to be significantly expanded. As part of these strategic considerations, discussions were initiated with DÖRKEN AG regarding possible cooperation, which culminated in a takeover bid by DÖRKEN AG.
The process
The sale process was supervised on behalf of WESTFALENFINANZ by Mr. Bolz, Mr. Schulten, and Dr. Music. Together with the long-standing CFO of the Wischemann Group, Mr. Taylan Inan, and the commercial law firm SSP-Law, they faced a significantly larger team on the buyer's side. The main challenge was to quickly familiarize themselves with the existing sales process and negotiate the best possible purchase terms without jeopardizing the sale. During the extensive due diligence process and negotiations, this balancing act was mastered and the previously defined purchase price expectations were significantly exceeded.
In the future, the Wischemann Group will operate as an independent center of excellence for plastic thermoforming within Dörken AG.
Comments on the process
Mr. Taylan Inan, CFO of the Wischemann Group:
"Westfalenfinanz took on exactly the tasks that were required and familiarized itself with the complex subject matter in an astonishingly short time—which speaks for its outstanding competence. I would give the overall result of the work a straight A."
Mr. Ingo Wischemann, shareholder of Ingo Wischemann Holding GmbH (seller-entrepreneur):
"I would like to take this opportunity to express my sincere thanks to the gentlemen at Westfalenfinanz for what I consider to be their highly successful efforts and congratulate them on the results they have achieved. Should I be involved in another M&A process of this kind in the future, you will be my first point of contact!"
