Stadtmühle Schenk AG has been acquired by Kowema AG

March 2020 — The owners of Stadtmühle Schenk AG have sold the company to Kowema AG, an optimal buyer that will guarantee the continuation of the business in the future. The two parties have agreed not to disclose the sale price.

Stadtmühle Schenk is one of the three largest mills in Switzerland. Founded in 1844, it produces a wide range of high quality flours for companies in the baking industry, food retail chains, commercial bakeries and gastronomy businesses.

Kowema AG is a group of companies owned by Swiss pension funds, offering a unique investment opportunity in unlisted Swiss SMEs. Currently, the Kowema Group consists of five groups of companies: CabTec AG, Ceramaret SA, Diametal Invest AG, KKS Ultraschall AG and Nova Werke AG. Together, the group employs more than 1,800 people and generated a turnover of US$217 million in 2019.

In the context of Kowema's growth strategy, this expansion with a first-rate food processing company represents an important diversification from the previous industrial and technological focus of the existing five subsidiaries. Stadtmühle Schenk will continue to operate as an independent company and will maintain its employees, management team and location.

Our role in the transaction

Oaklins’ team in Switzerland supported the owners of Stadtmühle Schenk AG during the entire sale process as exclusive M&A advisors. This included the preparation of the sale documents, the identification and approach of potential buyers, the supervision of the buy-side due diligence as well as negotiations with several parties and support up to the signing and closing of the transaction.