Healthy family business: Salamander Industrie-Produkte sets the course for a future of strong growth
Salamander Industrie-Produkte GmbH has secured its financing for the next five years and adapted it to its growth strategy. The group of companies is thus in a rock solid position and is optimally aligned for the future.
Türkheim, 15.10.2020. Salamander Industrie-Produkte GmbH with its brand Salamander Window & Door Systems, one of the leading European system providers of energy-saving and design-oriented quality uPVC window systems, and its subsidiary Salamander Bonded Leather, manufacturer of recycled leather materials, have revised their financing line and successfully secured it for the future.
"In the past, and in addition to our high equity ratio of 50%, we have already established our corporate financing on a long-term, solid and secure basis in order to be well prepared for economic fluctuations and crises. We are now continuing this recipe for success and expanding the volume on the basis of our growth and investment targets," say the two brothers and Co-CEOs Till and Götz Schmiedeknecht. Meetings with the banks were already taking place before the Corona lockdown. The result is now a flexible and secure financing package for the next five years.
Salamander is geared for growth
With the "S500" strategy programme, Salamander is bundling all the measures that serve to achieve the two overriding goals by 2030. "Our goal is the profitable doubling of turnover in the next 10 years and to make the group of companies resistant to economic fluctuations. Because so far we have come through the crisis well and are looking forward to a better Q4 2020 due to the utilization of production capacities", summarizes Co-CEO Götz Schmiedeknecht. In order to achieve these goals, Salamander is focusing on design-oriented upselling, the experience of window systems and optimum productivity. The attractiveness of the window from the customer's point of view is at the centre of all developments, as well as the newly developed app-based digital consultation process.
Salamander Industrie-Produkte successfully enters the capital market
The new financing package is divided into two lines: Firstly, traditional corporate financing led by BayernLB and Sparkasse Memmingen-Lindau-Mindelheim and Kreissparkasse Augsburg. On the other hand, Salamander has made a successful debut on the capital market. The demand for the corporate bond was so high that the issue was more than 2 times oversubscribed. Here too, the company relied on a stable partnership with banks. "We are pleased that we have been able to set up a secure and flexible financing concept for the next five years with our house banks and other partners and are thus setting all the course for the future with growth and investment strength," remarks Till Schmiedeknecht
The two managing partners, Götz and Till Schmiedeknecht, focus on a long-term and secure orientation of the company and aim for a high-growth future for the Salamander Group. © Salamander Industrie-Produkte
Salamander Industrie-Produkte GmbH has secured its financing for the coming years. The group of companies is thus in a very solid position. In the last five years, over € 45 million have been invested in the headquarters in Türkheim/Unterallgäu. Further investments will follow. © Salamander Industrie-Produkte