A group of private entrepreneurs has acquired the shares of Renz GmbH. Managing director Michael Schubert belongs to the group of new shareholders and is also responsible for sales, marketing and development. A further appointment is that of Georg Saint- Denis, who takes over as CEO of the Renz Group. The management team is expected to be completed in the coming months by a new CFO.

More than 100 years old, Renz is a medium-sized family firm with approximately 300 employees, including 160 at its headquarters in Heubach, Germany. The firm specialises in the manufacturing of punching, binding and laminating systems and binding supplies for a wide range of applications from the office to the paper processing industry.

Michael Schubert says, "I am delighted that we have found a group of experienced and active investors, with which a successful and sustainable development program is now possible for the group. The significant strength of equity is the basis for the restructuring of the company and opens up further growth potential for the Renz Group."

The outgoing majority shareholder of Renz GmbH, Peter Renz, retired from the operating business in 2012. However, he remains in the group as a consultant and an advisory board member. "The investor participation begins a new era for the Renz company and also opens up significant growth opportunities that were unreachable for us to date. I am glad that I was able to lay those foundations for the further successful development of my life's work,” commented Peter Renz.

CEO Georg Saint- Denis brings with him a long standing leadership position from the automotive supply industry with wide experience and modern management tools. “Renz is traditional but innovative company with an international focus offering the opportunity to implement our growth and value enhancement strategy. The aim of developing Renz to becoming the sustained market leader in its sector and industry" said Saint- Denis.

Renz Australia now represents a range of quality equipment and supplies for binding, laminating, shredding and related paper handling machines for both the office and industrial user.

“In the corporate market, many of Australia’s leading companies and government agencies use our products and services. We are official suppliers to both State and Federal Government contracts for paper shredders, binding, laminating and related equipment and supplies. We are the preferred supplier of equipment and supplies to many professional print and finishing organisations in the graphic arts industry,” said Renz Australia managing director Paul Cohen.

“This news has been well received by staff and is a very positive development for us and the group. We now have increased financial backing to support new product development and a new, very experienced, professional senior management team in Germany with fresh energy and ideas.

“There will be an emphasis on growth in the group which will include increased international focus and the Renz subsidiaries around the world, including Renz Australia, will play an important role in the strategy for growth.

“The development will strengthen our position in the Australian market and provide increased resources to achieve our goals,” he added.