Succession Plan at Freytag & Petersen: Igepa Takes Over Shares

As part of a succession plan at Freytag & Petersen, based in Cologne, the current sole shareholder, Prof. Dr. Heinrich Hugo Best, is transferring 100 percent of his shares to Igepa Großhandel Beteiligungs, a joint subsidiary of the Igepa shareholders’ companies.

As part of this succession plan, the interests in other Igepa companies are also being reorganized. The shares previously held by Freytag & Petersen are transferred to the four remaining Igepa shareholder companies 2H, vph, E. Michaelis & Co. Holding and Geiger.

Merging with Igepa wholesale planned

In the coming weeks and months, Freytag & Petersen and Igepa Großhandel are to be gradually combined. According to the company, structures and processes are to be coordinated with one another and existing strengths are to be pooled in order to utilize synergies and secure the existing efficiency.

The management of the joint venture will be taken over by the current directors Ralf Höllmann, Sven Kaufmann and Dr. Ingo Osterheld. The current contact persons for customers, suppliers and business partners will remain unchanged.

Source: Packaging Journal