Stollenwerk
Squarefield acted as exclusive financial advisor to Stollenwerk on the refinancing and the increase of the working capital facility
Our client J. & W. Stollenwerk oHG (“Stollenwerk” or the “Company”), a leading German producer of preserved food, successfully refinanced its existing bank facilities whilst also upsizing its working capital facility.
The transaction is in line with adjusting the banking landscape as well as to cater for higher financing needs driven by increased prices for raw-materials and energy.
Stollenwerk
Stollenwerk is a German, family-run company with headquarters near Cologne founded in 1932 by Hubert and Elisabeth Stollenwerk as an agricultural operation. Since 2012 Stollenwerk is run by Willi and Karl Hubert Stollenwerk being the third generation managing the business.
In 1962 the Company started with the canning of cucumbers. Stollenwerk has substantially broadened the product offering to nearly 100 products through several add-ons. These include varieties of preserved vegetables, fruit and pickled salads.
The majority of the turnover is generated in Germany. Stollenwerk offers both private label as well as branded products to its clients being mainly big German food retailers and discounters. Local weather impacts are mitigated by a diversified sourcing. The Company has an own fleet of (refrigerated) trucks delivering to the retail / HoReCa clients.