Family Trust
Family Trust acquires novia Handels GmbH & Co. KG

At the end of 2021, investors advised by Family Trust (“Family Trust”) acquired novia Handels GmbH & Co. KG (“novia”).

novia is successfully positioned in the market as a full-service manufacturing service provider and global sourcing expert with a focus on zinc and aluminum die casting. From its site in Iserlohn (DE), the company supplies leading OEMs with high-quality individual parts and assemblies, focusing primarily on the sanitary industry.

As part of the transaction, Family Trust acquired 100% of the shares in novia Handels GmbH & Co. KG as well as the Asian subsidiaries from the shareholders Werner Schotte and Bernd Hennecke. The aim is to support the further growth of the company and to exploit synergy potentials with the Family Trust portfolio company Global Sourcing Services AG (GSS), which was acquired in mid-2021.

Bernd Hennecke and Werner Schotte commented: “We are very pleased with the successful closing of the transaction last December and know that with Family Trust we have found a suitable long-term partner for the company. We are convinced that the team of Family Trust, also due to their experience in the global sourcing segment and their investment in GSS, will significantly drive novia’s further development.”

Tobias Fuhrmann added: “With this acquisition shortly before the New Year, Family Trust has successfully completed 2021. We are very pleased to add novia to our portfolio as we are very impressed by the engineering competence, the high product quality as well as the management of the company. In order to continue novia’s success story, we will contribute through our experience and our network in the German SME sector as well as exploit synergy potentials with our portfolio company GSS. We would like to thank Mr. Schotte and Mr. Hennecke very much for the trust they have placed in us and together we will implement a sustainable company succession.”