Organizational Modifications and Changes under Company Law at Stephan Schmidt Group
For many decades, Stephan Schmidt Group, one of the world’s leading producers of special clays and mineral products, has been firmly rooted in the Westerwald region with its individual companies. As a globally successful company, Stephan Schmidt Group does not only provide approx. 200 secure jobs but has also become an inherent and committed part in and for this region.
In order to secure this success for the future, the company time and again must identify opportunities how to better position itself for the increasing competition on the world market. Therefore, the management decided to make some organizational modifications and changes under company law within Stephan Schmidt Group. Internal processes and procedures can thus be streamlined and accelerated without any compromise on the usual high service quality towards its customers.
As per 01.01.2020, Müllenbach & Thewald GmbH and Marx Bergbau GmbH & Co. KG – both already wholly-owned subsidiaries of Stephan Schmidt KG – will transfer their entire operations to Stephan Schmidt KG. Moreover, they shall be legally merged into Stephan Schmidt KG at a later date. These future-oriented and future-saving measures, however, will not entail any further organisational restructuring. In the context of this transfer of undertakings, the employees of Müllenbach & Thewald GmbH and of Marx Bergbau GmbH Co. KG will automatically become employees of Stephan Schmidt KG. Stephan Schmidt Group looks forward to continuously demonstrating reliability and continuity towards customers, business partners and employees.