{"id":42048,"date":"2018-03-16T19:57:07","date_gmt":"2018-03-16T17:57:07","guid":{"rendered":"https:\/\/newserver.fyb.de\/serafin-group-acquires-weso-aurora-smelter-from-viessmann-group\/"},"modified":"2018-03-16T19:57:07","modified_gmt":"2018-03-16T17:57:07","slug":"serafin-group-acquires-weso-aurora-smelter-from-viessmann-group","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/serafin-group-acquires-weso-aurora-smelter-from-viessmann-group\/","title":{"rendered":"Serafin Group acquires Weso-Aurora smelter from Viessmann Group"},"content":{"rendered":"<p>Gladenbach\/ Munich \u2014 The Munich-based <strong>family-owned Sera\u00adfin Group of Compa\u00adnies<\/strong> (\u201cSera\u00adfin\u201d) acqui\u00adres <strong>Weso-Aurorah\u00fctte<\/strong> GmbH (\u201cWESO\u201d), a subsi\u00addiary of the <strong>Viess\u00admann Group<\/strong> (\u201cViess\u00admann\u201d), one of the leading inter\u00adna\u00adtio\u00adnal manu\u00adfac\u00adtu\u00adr\u00aders of heating, indus\u00adtrial and cooling systems. Viess\u00admann Group was advi\u00adsed by <strong>DC Advi\u00adsory<\/strong>.<\/p>\n<p>With more than 400 employees and <strong>sales of around EUR 64 million<\/strong>, <strong>WESO<\/strong> belongs to the to the major German found\u00adries. The company from Gladen\u00adbach in Hesse specia\u00adli\u00adzes in the manu\u00adfac\u00adture of high-quality gray cast iron products that are used inter\u00adna\u00adtio\u00adnally in various indus\u00adtries. Last year, the company cele\u00adbra\u00adted its 130th anniversary.<\/p>\n<p>WESO had been part of the Viess\u00admann Group for seve\u00adral deca\u00addes, supp\u00adly\u00ading it with castings for its heating tech\u00adno\u00adlogy divi\u00adsion. Viess\u00admann will remain an important custo\u00admer of WESO in the future. In addi\u00adtion, the foundry serves well-known indus\u00adtrial custo\u00admers from various sectors with a focus on agri\u00adcul\u00adtu\u00adral and rail\u00adroad tech\u00adno\u00adlogy. This busi\u00adness has been conti\u00adnuously expan\u00added over the past two deca\u00addes and is to be pushed even further in the future.<\/p>\n<p>Prof. Dr. Martin Viess\u00admann, Presi\u00addent of the Execu\u00adtive Board of the Viess\u00admann Group, states: \u201cWith their exem\u00adplary commit\u00adment, the employees in Gladen\u00adbach have contri\u00adbu\u00adted signi\u00adfi\u00adcantly to the successful deve\u00adlo\u00adp\u00adment of WESO over the many years. I would like to express my sincere thanks for this. At the same time, I am plea\u00adsed that with the hando\u00adver to Sera\u00adfin, WESO conti\u00adnues to be in good, family-run hands. We are firmly convin\u00adced that WESO is thus also very well posi\u00adtio\u00adned for the future.\u201d<\/p>\n<p><strong>Phil\u00adipp Haindl (photo)<\/strong>, one of the foun\u00adders of the Sera\u00adfin group of compa\u00adnies and repre\u00adsen\u00adta\u00adtive of the share\u00adhol\u00adder family, empha\u00adsi\u00adzed that nothing would change for the more than 400 employees of the Gladen\u00adbach foundry. WESO\u2019s previous stra\u00adtegy as a custo\u00admer foundry will be further deve\u00adlo\u00adped. \u201cWe invest in estab\u00adlished medium-sized compa\u00adnies that have a func\u00adtio\u00adning busi\u00adness model and can be further deve\u00adlo\u00adped through the use of opera\u00adtio\u00adnal and stra\u00adte\u00adgic measures.\u201d<\/p>\n<p>The tran\u00adsac\u00adtion is still subject to appr\u00adoval by the anti\u00adtrust authorities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gladenbach\/ Munich \u2014 The Munich-based family-owned Sera\u00adfin Group of Compa\u00adnies (\u201cSera\u00adfin\u201d) acqui\u00adres Weso-Aurorah\u00fctte GmbH (\u201cWESO\u201d), a subsi\u00addiary of the Viess\u00admann Group (\u201cViess\u00admann\u201d), one of the leading inter\u00adna\u00adtio\u00adnal manu\u00adfac\u00adtu\u00adr\u00aders of heating, indus\u00adtrial and cooling systems. Viess\u00admann Group was advi\u00adsed by DC Advi\u00adsory. With more than 400 employees and sales of around EUR 64 million, WESO belongs&nbsp;[\u2026]<\/p>\n","protected":false},"author":2,"featured_media":42059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366],"tags":[],"class_list":["post-42048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","news-category-private-equity-news-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Serafin Group acquires Weso-Aurora smelter from Viessmann Group - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/serafin-group-acquires-weso-aurora-smelter-from-viessmann-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Serafin Group acquires Weso-Aurora smelter from Viessmann Group - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Gladenbach\/ Munich \u2014 The Munich-based family-owned Sera\u00adfin Group of Compa\u00adnies (\u201cSera\u00adfin\u201d) acqui\u00adres Weso-Aurorah\u00fctte GmbH (\u201cWESO\u201d), a subsi\u00addiary of the Viess\u00admann Group (\u201cViess\u00admann\u201d), one of the leading inter\u00adna\u00adtio\u00adnal manu\u00adfac\u00adtu\u00adr\u00aders of heating, indus\u00adtrial and cooling systems. Viess\u00admann Group was advi\u00adsed by DC Advi\u00adsory. 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