Hüttenwerke Königsbronn Goes Public Through Reverse IPO

On April 22, 2024, Hüttenwerke Königsbronn GmbH, announced its public listing via a reverse IPO by merging with Terentius SE. This merger propels Germany's oldest industrial entity, founded in 1365, onto the Düsseldorf stock exchange under the new name, HWK 1365 SE.

The company, a global leader in producing large calander rolls essential for high-quality paper and cardboard, has achieved a remarkable turnaround since its near collapse in 2019. Known for its financial health and debt-free status, HWK 1365 continues to thrive across industries, including the food sector.

The transformative efforts since the "Miracle of Königsbronn" in 2019 included significant input from employees, who now hold a 33.34% stake. The upcoming Board of Directors will feature key figures such as Wolf Waschkuhn, Frank Günther, and Roman Zitzelsberger, enhancing its governance structure.