Heberlein is under new ownership

Heberlein completed the sale of its business on October 31, 2023, according to a press release. The management team headed up by new CEO Martin Zürcher, who has been in post since October 1, industry expert Daniel Lippuner and the Renaissance investment foundation have taken joint responsibility for Heberlein's activities and invested in the long-established company, which dates back to 1835. For over 20 years, Renaissance has been the only investment foundation that enables pension funds to invest in unlisted Swiss SMEs.

“This sale is the start of a new, positive chapter in the long history of our company,” says CEO Zürcher. “In Renaissance, we have found an owner that is committed to long-term success.”

Heberlein was established as a textile company in 1835 and conquered the global market in 1932 with the Helanca synthetic fabric. The company survived the decline of its textiles division by starting to develop, produce and sell key components for the chemical fiber industry. Today, Heberlein is the world’s leading supplier of jets for synthetic continuous filament yarns and employs around 80 members of staff.

The company is trading as Heberlein Technology AG as of November 1, 2023. It will continue to operate at its existing location in Wattwil and will retain its current management team and all employees. Heberlein says the board of directors and management welcome this solution, which is also positive news for Toggenburg as a business location and the canton of St.Gallen. ce/mm