Schmitz Cargobull shareholders affirm company commitment

Germany-based OEM, Schmitz Cargobull, stands for continual growth and greater efficiency in the face of uncertainty.

At the start of Schmitz Cargobull AG’s new financial year, representatives of the shareholders and owner families met to contractually record their cooperation for the next 10 years and to confirm the strategic orientation and continuous development of the family-owned company.

“In these unpredictable times, it is highly important to us that we demonstrate our unity and solidarity to the company and its employees, and at the same time provide orientation going forward,” said Andreas Schmitz, Chairman of the Board of Schmitz Cargobull AG, and one of the three shareholders.

Dirk Hoffmann, Chairman of the Supervisory Board of Schmitz Cargobull AG, and representative of one of the owner families, said: “This powerful signal of long-term continuity endorses the course set by the company’s management. Together with their staff, they have successfully overcome the challenges and crises of recent years. This is also an expression of our confidence that the Strategy 2025 sets the right focus for the successful future of the company.”

Bernhard Schmitz, member of the family council, said: “As shareholders, we are united and think with the future in mind. In the next decade, we will continue the sustainable growth course of the company and together we will push forward the strategic objectives with all our strength.”

Schmitz Cargobull AG is owned in equal shares by the three families of Andreas Schmitz and Dr Heinz Schmitz, Bernhard Schmitz and Peter Schmitz, and Dirk Hoffmann. Representatives of the three owner families meet periodically to determine the strategic framework conditions for Schmitz Cargobull AG, among other duties.

In other news, Schmitz Cargobull unveiled a lightweight UK-built semi-trailer.

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