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Krah Group sold shares in HENZE GmbH

Krah Group sold shares in HENZE GmbH

Betzdorf, 28.02.2017

The KHB GmbH (Holding and trading company in the Krah Group) sold their majority stakes in the company HENZE (Henze GmbH Kunststoffwerk, Josef-Kitz-Str. 9, 53840 Troisdorf, www.henze-gmbh.de) with immediate effect. After Mr. Alexander Krah exited the managing board already in October last year, the chapter Henze pipe production has been ended completely in February 2017. All shares were sold. Sole managing director is Mr. Wolfgang Fester.

However, shares in the Henze Technology GmbH were increased to 76% to raise HENZE's influence on the world market of production technology. This underlying transaction is the production and distribution of the global HENZE production technology.
We wish Mr. Fester all the best for the pipe production in the future.

Alexander Krah
CEO Krah Pipes GmbH & Co. KG