Company News Family-run business takes steps to secure its future

Editor: Steffen Donath

MBFZ Toolcraft GmbH became a public limited company (AG) as of 29 October 2020.

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MBFZ Toolcraft GmbH becomes Toolcraft AG.
MBFZ Toolcraft GmbH becomes Toolcraft AG.
(Source: Toolcraft)

The succession management process will be made simpler by restructuring the family company into Toolcraft AG. Bernd Krebs, the founder of Toolcraft, stresses: “Toolcraft has always been a family company — and this is how it should stay. As such, it will be a ‘family AG’ without external investors.” The Board of Directors will consist of the existing management team: Karlheinz Nüßlein who is responsible for Human Resources and Production, Christoph Hauck for Technology and Sales, and Marc Volkhardt for Financial Accounting. As Chairman of the Supervisory Board and majority shareholder, Bernd Krebs will continue to actively oversee and shape Toolcraft’s development together with the Board of Directors.

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