Heuking advises majority shareholder of Radeberger Fleisch- und Wurstwaren Korch GmbH on sale of shares to WMS
A team led by Dr. Rainer Herschlein, Partner at Heuking Kühn Lüer Wojtek’s Stuttgart office, legally advised managing shareholder Felix Alber on the sale of shares in Radeberger Fleisch- und Wurstwaren Korch GmbH to WMS Wachstumsfonds Mittelstand Sachsen (Leipzig). Felix Alber will remain majority shareholder and continue to be responsible for the operational business.
In 2018, Felix Alber assumed the shares jointly with SIB Innovations- und Beteiligungsgesellschaft mbH – the investment company of Ostsächsische Sparkasse Dresden – as part of a company succession due to age. Since then, Radeberger Fleisch- und Wurstwaren Korch GmbH has enjoyed a successful development. In recent years, the company has been able to dynamically pursue and benefit from the market trends for regional production and high-quality products. This strategy is set to be continued together with WMS in the coming years.
Founded in 1991 as Fleischerei Georg Korch, Radeberger Fleisch- und Wurstwaren Korch GmbH today stands for high-quality premium products in the meat and sausage segment. More than 400 employees generate sales of about EUR 50 million in food retailing and the company’s own 21 branches, most of which are located in Saxony.
WMS is an initiative of the Free State of Saxony and regional credit institutions and has supported more than 30 Saxon companies in implementing their growth strategies since 2005. In 2020, another EUR 85 million were raised in the fund’s third generation.
Counsel to shareholder Felix Alber
Heuking Kühn Lüer Wojtek:
Dr. Rainer Herschlein, LL.M. (Lead),
Charlotte Schmitt, LL.M. (both Corporate/M&A), both Stuttgart