The Board of Directors of the HERITAGE B group in Zug has appointed Hanspeter Schraner Group CFO as of 01 May 2020.

Before joining HERITAGE B, Hanspeter Schraner was the group CFO and a member of the Executive Board at the traditional Lucerne company Bucherer since 2011. He previously held the same position at the Mövenpick Group and the listed Carlo Gavazzi Group. In addition, he was responsible for group controlling and reporting at the listed Forbo Group and Head Corporate Reporting at the listed Sarna Group. He started his career at PricewaterhouseCoopers (later IBM Business Consulting Services) where he advanced from Audit & Business Assurance Manager to Managing Consultant. Hanspeter Schraner holds a degree as lic. oec. HSG from the University of St. Gallen and a diploma as a Swiss Certified Public Accountant.

His predecessor Johan van der Werf stepped down as Group CFO on 31 December 2019.

The HERITAGE B group includes companies such as the kitchen equipment supplier TEKA, the stainless-steel container manufacturer THIELMANN and STROHM, a major provider of high-quality, design-oriented bathroom fittings.

ZUG, January 1, 2020 - HERITAGE B established a third business activity at the beginning of the year: As of January 1, 2020, STROHM was spun off from the TEKA activity and will in future report directly to HERITAGE B. CEO of this important supplier of high-quality, design-oriented fittings for bathrooms will be Andrés Castejón.

STROHM employs more than 500 people worldwide. The company was formed in 2018 to consolidate the sanitary activities of the TEKA Group under a brand that links the business back to its German origin. STROHM offers a wide range of taps, shower systems, bathroom furniture and bathroom adjacencies. The company is also one of the main European manufacturers of ball valves for water and gas.

Factories are located in China and Hungary and a technical center in Spain hosts R&D and quality control.

With headquarters in Zug (CH) and Madrid (ES) the company provides sanitary solutions to plumbers, installers and end consumers in over 50 countries. In Hungary, STROHM’s legacy brand Mofém is the undisputed market leader. The company is over 100 years old and was acquired in 1994.

TEKA Group, a member of HERITAGE B and global producer of design built-in appliances, sinks, taps and sanitaryware has recorded higher sales and operational profits in 2018. Main contributors to this result were Spain, the Americas and the bath division

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AMSTERDAM, 8^th February 2019 - HERITAGE B B.V. Shareholder’s meeting has nominated Helen Wyatt as new Member of the Board of Directors and Member of the Nomination and Remuneration Committee.

Helen started her impressive executive career at IBM in 1981. From 1986 to 2004, she held various positions at Motorola Solutions, including Vice President and Human Resources Director for all business sectors, EMEA. She then became Regional Vice President Human Resources EMEA at Hewlett Packard and Senior Vice President Human Resources Europe and Senior Vice President Human Resources, Category and Global Functions at Unilever. From 2012 to 2016, Helen was Chief Human Resources Officer at the leading fragrance company Firmenich in Geneva. Today, she is Chief Human Resources Officer at COFRA Holding AG. The group (owned by the Brenninkmeijer family) has interests in retail, real estate and private equity investment management. Notably, COFRA holds the fashion retailer C&A, which has an extensive network of stores and online-shops worldwide.

In addition to her role as a member of the Board of Directors, Helen Wyatt will also join the Nomination and Remuneration Committee. We are pleased to welcome our first woman to the Board and wish Helen every success in her first non-executive role.

Franz Kook has resigned from the Board of Directors as per 31 December 2018. HERITAGE B B.V. thanks Mr. Kook for his valued contribution over many years and wish him all the best for his future activities.

ZUG, Switzerland, 16th November 2018 – THIELMANN is pleased to announce the acquisition of CONTek IBC-Service GmbH. CONTek’s knowledge in services for intermediate bulk containers (IBCs) aligns with THIELMANN’s growth strategy as the world’s leading one-stop shop for the container industry.

Based in Ellrich, Germany, CONTek is a world leader in cleaning, maintenance and inspection of containers especially for the chemical and automotive coatings industry. CONTek’s automated cleaning facility is optimized to clean containers with a capacity from 250 to 1,200 liters.

CONTek is very successful in the high-end cleaning sector and THIELMANN is planning to build on their strength in the future and to further grow the business on-site in Ellrich.

Fredi Endtricht, CONTek´s co-founder will continue to lead the company as Managing Director, with special focus on the expansion of the facilities and production capabilities. Wolfgang Kuhn, CONTek’s co-founder, has reached the retirement age and has left the company from an operational level on September 30th. He will continue to support THIELMANN as an advisor.

“THIELMANN is growing. Our strong organic growth is supported by selected acquisitions, especially of specific competencies. CONTek is perceived as an undisputed leader in cleaning of IBCs.” said Bernd Loeser, CEO of THIELMANN. “With its integration, THIELMANN will complement its current service portfolio in different container sectors and CONTek will benefit from access to a broad global customer base and THIELMANN’s world-leading expertise in the container industry.”

“With THIELMANN, we found the best owner for our life’s work. As initially planned CONTek can grow and expand its capacity” Mr. Kuhn commented on the acquisition. Mr. Endtricht added: “I am happy to see CONTek joining THIELMANN. This will lift our company to the next level and supports our wish to expand the business. THIELMANN is the leader in stainless steel containers and CONTek is the leader in container cleaning. I am sure, that both parties will profit significantly.”

It is planned to rename CONTek into THIELMANN CONTEK within the next weeks to fully integrate CONTek into THIELMANN.

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Zug, HERITAGE B was pleased to welcome attendees to the HERITAGE B Group Summit 2018 on 13-14^th September 2018 in Switzerland.

Held at the prestigious Bürgenstock Resort and Hotels high above the shores of Lake Lucerne, the programme was planned around reflection and planning for the HERITAGE B organisation across its Teka and THIELMANN business activities, with a particular focus on aligning core values at a strategic level as it aims to continue to perform with distinction and meet business goals.

The last two years have been a period of great change for the HERITAGE B group, with all business activities demonstrating strong, focused and consistent growth. During this transitional period each business area has proved itself dynamic, agile and adept at innovating along strategic development paths. It is important to keep aligning and regrouping for a strong business model, and in this vein the theme of the 2018 summit was ‘Achieving More Together’. HERITAGE B strives to achieve its business goals through a culture in which solutions are defined within a spirit of collaboration, shared values and a common higher purpose. At its highest level, this means striving to maintain and deliver on core business values of agility, engagement, respect and ownership.

Bringing senior management representatives from around the world together for the stimulating and varied two-day programme presented a unique team-building opportunity to foster a clearer understanding of the importance of values and aligning behaviours to create a strong business culture; to clarify the four HERITAGE B values and what they stand for; to distinguish the relationship between HERITAGE B and business activities values; and to decide which of the company’s values are already lived, and which need to be improved.

The people that make up HERITAGE B are its greatest and most valuable asset – taking the time to explore how group-wide values and higher purpose impact organisational ethos, and how to unlock key enablers for elevating business successes in the future, are critical building blocks in continuing to deliver excellence.

Zug (Switzerland) and Kampen (Netherlands), 25 April 2018 - Based on the strategy of HERITAGE ^B to sharpen its focus on the core businesses Gejoma Holding BV has been sold to Anders Invest. Gejoma, located in Kampen/Netherlands, is a leading company in the design, production and assembly of professional high-quality stainless steel kitchen and catering furniture in the Netherlands with a strong presence in Belgium. In 1999, the company was acquired by HERITAGE ^B and has since then grown its activities and become the market leader in tailor-made professional stainless steel kitchens and catering furniture.

Anders Invest is the right partner for this transaction. The company focuses on small and medium sized Dutch companies in the manufacturing industry and shares the same values as HERITAGE ^B.

HERITAGE ^B highly appreciates the job done by the local management in creating a very stable and well reputed company and wishes the whole team all the best for the future.

Zug (Switzerland), 20 September 2017, with immediate effect, Teka Group has been renamed HERITAGE ^B. As a result of this change, the Zug, Switzerland based holding company Teka B.V. has been renamed HERITAGE ^B B.V. The company combines global functions such as Human Resources, Finance, Legal, Tax, Treasury, Compliance and Communications.

HERITAGE ^B expresses what the holding does: creating a home and a heritage for its business activities and its brands. ‘B’ represents ‘building brands’ and even more, “building businesses”. In a nutshell, HERITAGE ^B stands for INSPIRING OWNERSHIP. This is the new claim, promise and overall objective of the group.

As for the last 90 years, Teka will continue to be the brand name of the operating company Teka, one of the world’s leading specialists in kitchen and bathroom solutions.