Investors acquire majority stake in German trading company Lübbert

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Several investors have taken over the majority shares in the Bremerhaven-based trading company Friedrich Wilhelm Lübbert, reports German Fisch Magazin.

Lübbert has ‘successfully sought to attract strong, additional partners in order to further expand its business activities and strengthen its equity capital,’ according to a statement published today. This would result in a significant improvement of the equity structure.

“This step was necessary in order to be able to successfully lead the business conducted by Lübbert, which has a high demand for financing due to turnover, into the future”, says managing director Sven Braasch, who will be responsible for the operative business in the future.

In fiscal year 2015/16 Lübbert increased its sales revenues from 79.2 million Euro (2014/15) to 85.1 million Euro, due to higher raw material prices, but recorded a lower gross profit. The net loss for the financial year amounted to 88,000 euro.

Friedrich Wilhelm Lübbert, founded in 1923, is one of Germany’s largest trading companies, with fresh and frozen salmon from Norway, Scotland, Ireland and Chile, as one of the main products.