Stewi AG successfully manages succession
A change of ownership ensured a secure succession at the traditional Swiss company Stewi AG Winterthur.
The linen hanging manufacturer, which has been operating under the name Stewi (STEiner WInterhur) since 1947, is one of the most traditional production and trading companies in Switzerland. The company, managed in the second generation by the founding family through Walter A. Steiner, was sold on January 31 to the two entrepreneurs Stefan R. Ebnöther and Lorenz M. Fäh, who will continue and develop the company in the spirit of the founding family. The whole transaction was successfully carried out with the financing partner Raiffeisen Schweiz AG. STEWI Holding AG took over all shares of STEWI AG and at the same time STEWI of Switzerland AG was founded, which mainly focuses on the international business. These two companies are also held by the two entrepreneurs Stefan R. Ebnöther and Lorenz M. Fäh.
Stewi, as the epitome of laundry drying and symbol of Swiss quality products, distributes its products in Switzerland and worldwide. The founding father Walter Steiner was considered a pioneer in the industrial production of rotary clothes dryers, which is one of the 100 most important Swiss inventions. In 2009 Walter Steiner passed away and the company was successfully continued in the second generation by Walter A. Steiner. "Having experienced Swiss entrepreneurs as successors for Stewi is a stroke of luck for all employees and partners", says the spokesman of the previous owner family and adds "we are happy to have found an ideal solution for our family business and wish Stephan R. Ebnöther and Lorenz M. Fäh much success with Stewi for the future".
