Pforzheim, 12 January 2024 – Since the beginning of the new year, Reischauer GmbH, headquartered in Idar-Oberstein, has been part of the Heimerle + Meule Group, which represents the precious metal processing business division in the Lübeck-based Possehl Group. To accomplish this, Heimerle + Meule GmbH, Pforzheim, acquired all the shares in Reischauer GmbH.
‘We are pleased to welcome Reischauer GmbH to the Heimerle + Meule Group. The company is a perfect fit for us and at the same time enables us to further expand our value chain in precious metals processing and offer our customers a complete product and service package from the recycling of waste materials to finished coins and medals. We look forward to the exciting growth opportunities that Reischauer GmbH offers our group with great confidence,’ says Thomas Frey, CEO of the Heimerle + Meule Group.
Reischauer GmbH was founded in 1913 in Idar-Oberstein and initially supplied semi-finished goods and products made of precious metals to the jewellery processing companies in Idar-Oberstein over many decades. In the 1980s, medals made of gold and silver materials were first minted and since the beginning of this century, business activities in the coin industry have been built up and continuously expanded. For around twelve years, Reischauer GmbH has been working exclusively for the coin industry, producing the highest quality blanks and mintings made of precious metal and copper materials. These days, the long-standing company from Idar-Oberstein is known and appreciated in the coin industry for its mintings with high and medium-high reliefs as well as for profiled minting blanks.
‘I am very proud of what the team at Reischauer GmbH has achieved since its foundation and look forward to a successful future together within the Heimerle + Meule Group. The latter is acquiring a company with high production capacities in the area of coin and medal minting as well as product and technology know-how that is unique in the industry. At the same time, Reischauer will benefit greatly from the upstream and downstream services provided by the Heimerle + Meule Group, its internationality, the existing network and the high level of sales competence within the group of companies,’ says Dr Gerd Wagner, who will continue to be responsible for the management and direct operations at Reischauer.
With the acquisition of Reischauer GmbH, the Heimerle + Meule Group is consistently strengthening its already strong position in the European precious metals market. In the previous year, Heimerle + Meule was already able to substantially expand its expertise in precious metal coins and medals by acquiring a majority stake in the Commonwealth Mint in the UK.