We are pleased to announce the successful management buyout and buy-in of the esteemed German bearing manufacturer Neuweg Fertigung from NSK, the renowned Japanese industrial group. Located between Stuttgart and Munich in Southern Germany, the area is recognised as one of the strongest economic regions in Europe and a centre for engineering development and innovation. This strategic transition aims to unlock the full potential of the factory’s rich heritage, esteemed brand, and unparalleled technical capabilities in a dynamic and growing international market.
The buyout and buy-in will be spearheaded by Stephen Lord, a distinguished industrialist with extensive international management and business development experience. Mr. Lord will be joined by two local NSK executives, Mr. Dominik Szell and Mr. Willi Castro Santalla, who bring invaluable expertise and continuity to the new leadership team.
Stephen Lord, the new CEO, commented: “We are thrilled to embark on this exciting journey. Our goal is to build on the strong foundation established by NSK, leveraging the heritage and technical excellence of the Munderkingen factory to expand our global reach. The commitment and expertise of Mr. Szell and Mr. Castro Santalla will be instrumental in achieving our vision.”
NSK, a global leader in the bearing industry, will maintain a good relationship with the Munderkingen business, ensuring a seamless transition and continued collaboration. This continued relationship will enable the new management team continue to benefit from NSK’s extensive network.
Mr. Dominik Szell, newly appointed CFO, expressed: “Having been a part of this remarkable journey with NSK, I am excited to contribute to this new chapter. Our focus will be on enhancing the product range, improving operational efficiency, and expanding our market presence while maintaining the highest standards of quality and reliability.”
Mr. Willi Castro Santalla, taking on the role of COO, added: “The buyout and buy-in represent a significant opportunity for growth and development. We are committed to preserving the legacy of the Munderkingen factory while driving innovation and delivering exceptional value to our customers.”
The Munderkingen factory, with its historical significance and cutting-edge technology, is poised to play a pivotal role in the global bearing market. The new ownership team is dedicated to fostering a culture of excellence, innovation, and customer-centricity, ensuring the long-term success and sustainability of the business.
Contact:
Neuweg Fertigung GmbH
Ehinger Strasse 5, 89597, Munderkingen, Germany
info@nwg-neuweg.com
www.neuweg-tech.com
