CFC: Berndes wins another major contract in its realigned product area and enters into an important strategic alliance

CFC Industriebeteiligungen GmbH & Co. KGaA (ISIN: DE000A0LBKW6) can already report a number of additional successes shortly after deciding to concentrate on the core areas of Electronics and Home & Living.

Its affiliate Berndes has won an important major project in the cutlery area, thereby ensuring its future growth. Cutlery is a new business area for Berndes, and sales for this initial major project will already be in the significant seven-figure euro range. This business area will be developed further in the future, and will contribute to diversification in terms of markets and product range. 

Berndes has also entered into a strategic alliance in the production area with a leading European partner that produces induction cookware. This allows Berndes to offer another high-performance induction solution to the market. Berndes receives both technology and cost advantages from the alliance, and secures a unique position for itself in this segment of its core market. 

Marcus Linnepe, CEO of CFC Industriebeteiligungen, states: “We are extremely happy that Berndes management has successfully expanded into further important sales markets, while simultaneously ensuring advancement in terms of production technology. This is a milestone in the development of the Berndes Group.”