Storskogen, a diversified group of profitable companies, completed the acquisition of a majority stake in Hans Kämmerer, a manufacturer of wear and spare parts catering to the steel, aluminum, copper, cement, chemical and paper processing industries, from Wachtendonk. Financial terms were not disclosed. “Following today's 3rd generation, there will be no more potential successors from the following 4th generation. Our father Hans Kämmerer will leave the company as a shareholder when Storskogen joins. We are pleased to have found a long-term new owner in Storskogen with whom we can continue our previous successful course. My brother Nicolas, as co-CEO and commercial director, and I will remain with a significant minority stake in Hans Kämmerer GmbH and will continue to be managing the company. In the coming years we will work with Storskogen to gradually expand our management team,” Johannes Kämmerer, Hans Kämmerer Co-CEO and Technical Director.