BELGRAVIA & CO. has advised Leop. Krawinkel Group (www.pwm.com) on the sale of its stake in the established FORD car dealer Friedrich Wilhelm Weil GmbH & Co. KG (www.ford-weil-bergneustadt.de) to Wipperfürth-based Bergland Group (www.bergland-gruppe.de).
The closing of the transaction took place on August 01, 2020.
Autohaus WEIL has been a successful FORD dealer for 60 years with locations in Bergneustadt, Olpe and Waldbröl. Due to the increasing internationalization of the distribution of electronic price displays at PWM (another participation of the Leop. Krawinkel Group), the managing director Dr. Max F. Krawinkel was looking for an experienced successor for WEIL well before the outbreak of the Corona crisis. In his view, today's automotive business increasingly requires a 100% focus on the workshop, the trade of cars and the corresponding parts.
With the Bergland Group a successful and renowned FORD dealer was found as new owner. The three locations of Autohaus Friedrich Wilhelm Weil GmbH Co KG will be continued by the Bergland Group together with the employees as Autohaus Bergland WEIL GmbH. Reiner Irlenbusch, Managing Director and owner of the Bergland Group, sees the acquisition of the WEIL locations as a strategic addition to his FORD automotive dealership. Dr. Max F. Krawinkel is pleased that the Irlenbusch family will shape the future of WEIL as professional FORD dealers.