05.2024: Argos Wityu is acquiring a majority stake in Karl Schmidt GmbH. The German company currently operates 73 stores under the Bäckerei Schmidt brand in the German federal states of North Rhine-Westphalia and Lower Saxony.
Karl Schmidt GmbH’s history goes back more than 130 years. With around 720 employees and 73 branches in attractive locations, Bäckerei Schmidt is the market leader in the East Westphalia region. In addition to traditional bakery branches, the company operates store concepts of various sizes – from small cafés to over 50-seater “Brothaus” branches – with all-day gastronomic offerings in a pleasant atmosphere that encourages customers to spend time there.
Karl Schmidt GmbH’s management team will remain minority shareholders and continue to lead the firm. The parties aim to follow the growth path by open up new stores.
Centum Capital provides public market information, but was not involved in this transaction.