Exit: Halder sells Wback stake to C.H. Guenther & Son

4. Febru­ary 2019

Frank­furt a. M. — Halder has sold its stake in the Wback Group (Bönen), the leading whole­sale bakery in Germany specia­li­zing in soft rolls, to the Texas-based whole­sale baker and food group C.H. Guen­ther & Son, LLC (San Antonio/Texas).

An esti­ma­ted two million people bite into a WBack soft roll every day — but hardly anyone knows the manu­fac­tu­rer. The company is one of those unknown indus­try giants that operate as a supplier in the back­ground. For exam­ple, WBack is not only the soft roll supplier for the fast food chain Burger King in Germany, but also supplies other system restau­rants and hot dog provi­ders with its burger buns.

Wback was foun­ded in 2003, and in 2013 Halder took over the majo­rity share­hol­ding from foun­der Peter Wendeln as part of a succes­sion solu­tion. The company produ­ces soft rolls in Bönen (North Rhine-West­­pha­­lia) and Leip­heim (Bava­ria) using state-of-the-art, highly auto­ma­ted equip­ment for renow­ned major custo­mers from the system cate­ring, food retail and food service sectors.

Through a strong expan­sion of produc­tion capa­city, invest­ments in pack­a­ging machi­nes and an inter­me­diate warehouse, Wback has reali­zed high growth with exis­ting and new custo­mers, and sales have doubled since Halder joined the company. With the acqui­si­tion of Wback, C.H. Guen­ther further expands its product range and opens up addi­tio­nal Euro­pean markets.

About Halder
Halder has been active as an equity inves­tor in Germany since 1991 and has provi­ded equity capi­tal for succes­sion and growth to 38 medium-sized compa­nies. Toge­ther with the exits at Klin­gel medi­cal metal, Aqua Vital, KEYMILE and BMB Manif­at­tura Borse, the sale of Wback is the fifth invest­ment sale from the port­fo­lio of the Halder Germany II fund in the past six months. Over­all, Halder has on average signi­fi­cantly more than doubled the value of the invest­ments when they were sold. With the exit at Wback, the return of capi­tal to Halder inves­tors has excee­ded the one billion euro mark.

Subscribe newsletter

Here you can read about the latest transactions, IPOs, private equity deals and venture capital investments, who has raised a new fund, how Buy & Build activities are going.

Get in touch

Contact us!
fyb [at]