Reischauer GmbH, based in Idar-Oberstein, has been part of the Heimerle + Meule Group, which represents the Precious Metals Processing division within the Lübeck-based Possehl Group, since the beginning of the new year. To this end, Heimerle + Meule GmbH, Pforzheim, has acquired all shares in Reischauer GmbH from Franz Reischauer and Dr. Gerd Wagner.
"We are delighted to welcome Reischauer GmbH to the Heimerle + Meule Group. The company is a perfect fit for us and at the same time enables us to further expand our value chain in the processing of precious metals and to offer our customers a complete product and service package from the recycling of scrap material to finished coins and medals. We look forward with great confidence to the exciting growth opportunities that Reischauer GmbH offers our group of companies," says Thomas Frey, CEO of the Heimerle + Meule Group.
We look forward to the exciting growth opportunities with great confidence
Reischauer GmbH was founded in Idar-Oberstein in 1913 and initially supplied semi-finished and semi-finished products made of precious metals to the jewelry processing companies in Idar-Oberstein for many decades. Medals made of gold and silver materials were minted for the first time in the 1980s and business activities in the coin industry have been established and continuously expanded since the beginning of the current century. For around twelve years, Reischauer GmbH has been working exclusively for the coin industry, producing the highest quality blanks and embossing from precious metal and copper materials. Today, the traditional company from Idar-Oberstein is known and valued worldwide in the coin industry for its embossing with high and medium-high reliefs as well as for profiled embossing blanks.
With the acquisition of Reischauer GmbH, the Heimerle + Meule Group is systematically strengthening its already strong position in the European precious metals market. In the previous year, Heimerle + Meule had already significantly expanded its expertise in precious metal coins and medals with the acquisition of a majority stake in the British Commonwealth Mint.
About the Heimerle + Meule Group
The Heimerle + Meule Group is a leading group of internationally operating companies and currently employs over 1,300 people at locations in 7 European countries. The precious metals group consists of Heimerle + Meule GmbH with headquarters in Germany and a branch in Austria as well as the subsidiaries Cooksongold, Weston Beamor, Gecko, The Commonwealth Mint and Techgrave in the UK, Cookson-CLAL in France, Drijfhout in the Netherlands, SEMPSA JP in Spain and Koutadly in Portugal. The qualified teams in all business areas around the world stand for the high quality standards typical of the company and for comprehensive expertise in all aspects of precious metals.
About Possehl
The Possehl Group, which operates worldwide under the leadership of the management holding company L. Possehl & Co. mbH, is a diversified group with currently ten economically independent, decentrally organized divisions. The Possehl Group comprises L. Possehl & Co. mbH and more than 200 subsidiaries in over 30 countries. According to preliminary figures, the Group generated sales of EUR 5.6 billion in the 2023 financial year. Possehl currently employs more than 13,000 people worldwide.
The company was founded in 1847 by Ludwig Possehl as a hardware store in Lübeck. The non-profit Possehl Foundation has been the sole shareholder since 1919. This corporate structure enables the Possehl Group to be independent and forms the basis for long-term entrepreneurial decisions.
