BIBERACH, GERMANY — Handtmann Inc. announced a transition of leadership to the fifth generation of the family business. Markus Handtmann and Valentin Ulrich took over management on April 1.

Markus Handtmann and Ulrich both bring experience in mechanical engineering and management. Ulrich previously served as chief financial officer for the Filling and Portions Systems (F&P) division.

“Topics such as internationalisation, innovation, digitalisation and openness to new ways of working are crucial for the future of Handtmann,” Ulrich said. “We will be investing in these and other areas to create sustainable long-term value for our customers, our employees, society and our group of companies.”

“Our goal is to position Handtmann well for the future so that we can continue moving forward on the path to success,” Markus Handtmann said. “Our group of companies operates widely diversified, is a strong investor and employs a large number of enthusiastic people. We are very pleased to be leading this team from now on.” 

Thomas Handtmann, current managing partner of Handtmann Holding, will move to the advisory board of the family-owned company in June 2023.

During Thomas Handtmann’s 25 years of management, the company’s revenue more than quadrupled. In 2022, Handtmann generated 1.1 billion euros ($1.2 billion) in sales.

This year, Handtmann is celebrating its 150th anniversary. Since its establishment, it has grown to employ 4,300 persons, stretching across 100 countries.

“From a medium-sized enterprise in Upper Swabia, we have developed into an internationally operating technology company,” Thomas Handtmann said. “What is important to me personally is that throughout this time we have always been a family business and that many working people at Handtmann have a strong sense of belonging. It is the people that make Handtmann. They are the key to our success.”