Pfleiderer

Last updated
Pfleiderer GmbH
Type GmbH
Industry Building materials
Founded1894
Founder Gustav Adolf Pfleiderer
Headquarters Düsseldorf, Germany
Key people
Michael Wolff (CEO and chairman of the executive board)
Products surface finished wood products
Revenue€1.491 billion (2010) [1]
Decrease2.svg (€582.9 million) (2010) [1]
Decrease2.svg (€727.8 million) (2010) [1]
Total assets €1.418 billion (end 2010) [1]
Total equity €42.0 million (end 2010) [1]
Number of employees
5,370 (end 2010) [1]
Website pfleiderer.com

The Pfleiderer GmbH(former name: Pfleiderer AG) is a formerly listed company headquartered in the German city of Neumarkt in der Oberpfalz, Germany. The company specializes in the production of wood-based materials, especially medium-density fibreboard and particle board. As of 2012, Pfleiderer employed around 3100 people at eight different plants located in Germany and Poland. The company is Germany's market leader in the laminated particle board market. Since 2012, Pfleiderer is a 100% subsidiary of Atlantik S.A. from Luxembourg.

The company was founded in 1894 in the town of Heilbronn and grew to one of Europe's largest producers of wood-based materials. When management was taken over by Hans Overdiek in 2003, a policy of rapid expansion was started. The company became excessively leveraged and made overpriced acquisitions, aimed primarily at the later struggling U.S. housing market. When the real estate crisis came to a head in 2008, Pfleiderer's high debt load turned into a financial disaster which led the company into bankruptcy in March 2012. [2] [3] With almost one billion euros of net debt, Pfleiderer became one of the largest corporate failures of recent German history.

In 2006, the track system unit was sold to AXA Private Equity. [4]

As of 2013, the company has successfully emerged from bankruptcy. This was mostly achieved by the sale of many business units, including the laminate business and all North American activities. [5]

Since January 2016 the company belongs to Pfleiderer Group, headquartered in Wrocław (Poland) and listed on the Warsaw Stock Exchange.

Related Research Articles

Deutsche Telekom German telecommunications company

Deutsche Telekom AG is a German telecommunications company headquartered in Bonn and by revenue the largest telecommunications provider in Europe. Deutsche Telekom was formed in 1995, as the former state-owned monopoly Deutsche Bundespost was privatised. Since it was privatized, Deutsche Telekom has featured among Fortune 500 companies with its latest ranking 86 in 2020. The company operates several subsidiaries worldwide, including the mobile communications brand T-Mobile.

BearingPoint is a multinational management and technology consulting firm headquartered in Amsterdam, Netherlands. It has operations in 23 countries with around 4,600 employees and is one of the largest management consultancies in Europe.

Rheinmetall AG has a presence in two corporate sectors with six divisions, and is headquartered in Düsseldorf, Germany. Rheinmetall AG is listed on the Frankfurt Stock Exchange; its shares are traded on all German stock exchanges. In fiscal 2019, the company generated sales of €6.255 billion. For that period the Group's Defence segment had sales of €3.522 billion, while sales of its Automotive segment were €2.736 billion.

Continental AG German multinational company in the automotive component supplier industry

Continental AG, commonly known as Continental or colloquially as Conti, is a German multinational automotive parts manufacturing company specializing in brake systems, interior electronics, automotive safety, powertrain and chassis components, tachographs, tires and other parts for the automotive and transportation industries. It is headquartered in Hanover, Lower Saxony. Continental is the world's fourth-largest tire manufacturer.

Syngenta Global provider of agricultural services and technology

The Syngenta Group is a leading global provider of agricultural science and technology, in particular seeds and crop protection products, with its headquarters in Basel, Switzerland, and further locations in Chicago, Tel Aviv, and Shanghai. Syngenta AG was founded in 2000 by the merger of the agrichemical businesses of Novartis and AstraZeneca, and acquired by China National Chemical Corporation (ChemChina) in 2015. In 2020, the Syngenta Group was formed, bringing together Syngenta, Adama, and the agricultural business of Sinochem under a single entity.

Clausthal University of Technology

The Clausthal University of Technology is an institute of technology in Clausthal-Zellerfeld, Lower Saxony, Germany. The small public university is regularly ranked among the Top German universities in engineering by CHE University Rankings. More than 30 % of students and 20 % of academic staff come from abroad, making it one of the most international universities in Germany. The university is best known for the prominent corporate leaders among its former students. In 2011, five of the 30 leading companies within the German stock index had alumni of TUC on their management board. Two of them as CEO.

Wirecard AG is an insolvent German payment processor and financial services provider, whose former CEO, COO, two board members, and other executives have been arrested or otherwise implicated in criminal proceedings. In June 2020 the company announced that €1.9 billion in cash was missing. It owed €3.2 billion in debt. The company is being dismantled after it sold the assets of its main business unit to Santander Bank for €100 million in November 2020. Other assets, including its North American, UK and Brazilian units had been previously sold at undisclosed prices.

Arvato German global services company

Arvato is a global services company headquartered in Gütersloh, Germany. Its services include customer support, information technology, logistics, and finance. The history of Arvato goes back to the printing and industry services division of Bertelsmann; the current name was introduced in 1999. Today, Arvato is one of eight divisions of Bertelsmann, the media, services and education group. In 2016, Arvato had about 68,463 employees and an overall turnover of 3.84 billion euros.

Evonik Industries

Evonik Industries AG is a stock-listed German speciality chemicals company headquartered in Essen, North Rhine-Westphalia, Germany. It is the second largest chemicals company in Germany, and one of the largest speciality chemicals companies in the world. It is predominantly owned by the RAG Foundation and was founded on 12 September 2007 as a result of restructuring of the mining and technology group RAG.

SunEdison, Inc. is a renewable energy company headquartered in the U.S. In addition to developing, building, owning, and operating solar power plants and wind energy plants, it also manufactures high purity polysilicon, monocrystalline silicon ingots, silicon wafers, solar modules, solar energy systems, and solar module racking systems. Originally a silicon-wafer manufacturer established in 1959 as the Monsanto Electronic Materials Company, Monsanto sold the company in 1989.

Cengage is an American educational content, technology, and services company for the higher education, K-12, professional, and library markets. It operates in more than 20 countries around the world.

Allianz

Allianz SE is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management.

IVG Immobilien

IVG Immobilien is a German real estate company headquartered in Bonn, Germany. It is a leading commercial property owner in Germany and other European countries.

BayWa German agriculture company

BayWa AG is an internationally active group headquartered in Munich. Originally founded to support domestic agriculture, the company expanded its activities to the construction and energy sectors. BayWa is represented in more than 50 countries through its subsidiaries and holdings. In terms of revenues, the Group is one of the largest European companies. The shareholder structure is still determined by the cooperative sector, which has shaped the corporate culture since its founding.

Martin Blessing is a German banker and business person.

Essel Propack Indian multinational packaging company

Essel Propack is a global tube-packaging company owned by The Blackstone Group headquartered in Mumbai, India. It is a specialty packaging manufacturer of laminated plastic tubes for the FMCG and Pharma space.

Benecke-Kaliko

Benecke-Kaliko AG, based in Hanover, develops and manufactures technical and decorative surface materials made of plastics. Since 2017, it presents itself under the Continental brand.

Hypo Alpe Adria Bank

Heta Asset Resolution A.G. is a "bad bank" that was the residual asset of the original Hypo Alpe-Adria-Bank International A.G., which was dismantled in 2014. It was owned by the Government of Austria.

Talanx is a German multinational financial services company headquartered in Hanover, Germany. Its core businesses are reinsurance, insurance and asset management. Talanx is Germany's third-largest and one of the major European insurance Groups by premium income. The Group is headquartered in Hannover, Germany and is active in more than 150 countries. The Talanx Group operates as a multi-brand provider with a focus on B2B insurance. As of 2016, it was a constituent of the MDAX trading index of German mid-cap companies. In September 2018 it was shifted from MDAX to SDAX.

TeamViewer AG is an international technology company headquartered in Göppingen, Germany, with representations on all continents. The company became known for the TeamViewer remote access and support software of the same name. Today, TeamViewer AG offers its customers a global platform for connecting, monitoring, and controlling of computers, machines, and other devices. TeamViewer's software is used in companies of all sizes and from all industries, for example to digitalize processes along the industrial value chain. TeamViewer AG is considered the market leader in its field. The company is listed on the stock exchange and is a member of the MDAX and TecDAX. From the 2021/2022 season it will become the principal shirt sponsor of the football club Manchester United on a five year deal.

References

  1. 1 2 3 4 5 6 "Annual Report 2010" (PDF) (in German). Pfleiderer. Archived from the original (PDF) on 16 December 2011. Retrieved 17 November 2011.
  2. "Sanierungsplan von Pfleiderer gescheitert" (in German). Handelsblatt. March 27, 2012. Retrieved February 16, 2013.
  3. "Pfleiderer AG stellt Antrag auf Eröffnung des Insolvenzverfahrens" (in German). Pfleiderer AG. March 28, 2012. Archived from the original on August 30, 2013. Retrieved February 16, 2013.
  4. Acharya, Namrata (2017-08-09). "Bengal-based firm buys 100-year-old German company to expand global reach". Business Standard India. Retrieved 2017-08-17.
  5. "Unbekannter Investor rettet Pfleiderer" (in German). Handelsblatt. August 17, 2012. Retrieved February 16, 2013.