Lübeck, Germany-headquartered food-processing equipment manufacturer Baader has established a holding company, Baader Global SE.
Forming the holding company offers “the ideal framework” for the company to further develop its corporate structure with various business units and subsidiaries in Germany and abroad, it said in a press release. With the new organizational structure, it “will take major steps to ensure its long-term future success while holding on to its deep family company roots,” Baader said.
"The Baader Global SE offers a suitable roof for the entire group. It underscores that Baader is an international company and that we want to continue to grow," Baader CFO Torsten Krausen said. “As a European group, we will thrive from the professional standards we will submit to while maintaining our corporate culture responsible for our excellent reputation among our customers and workforce.”
According to the announcement, Baader filed the legal requirements to form its holding company on 16 August, 2022.
Baader’s ownership structure is to remain the same, and the company will continue to be 100 percent privately-owned by the Baader family.
The holding company will maintain Baader’s management structure with its two managing directors, Norbert Engberg in charge of the firm’s poultry business unit and digitalization business unit, and Robert Focke running its fish business unit.
Alongside its Lübeck base, Baader is represented with 25 other international locations, and also distributes its products through a network of agents.
Over the past two years, it has continued to expand its international locations, opening sites in markets including France and Poland, while also strengthening its presence in Iceland, China, and Mexico.
Photo courtesy of Baader
