Waldkraiburg Entrepreneur Peter Schmidt Dies at 85

The founders’ families, the company owners, managing directors and employees of the KRAIBURG Group mourn the passing of their highly esteemed shareholder Peter Schmidt. From 1954 to 1999 he participated actively in the company’s operations and as a member of the management board he implemented numerous decisions that shaped the company’s history.

In 1999 Peter Schmidt retired as an active member of the company and – like his younger brother and co-shareholder Fritz – entrusted his responsibilities at KRAIBURG Holding to his daughter Daniela Schmidt-Kuttner, his nephew Fritz Schmidt and Ralph Westhoff. The company owners of the next generation took over the responsibilities in the individual KRAIBURG divisions.

Throughout his life Peter Schmidt was regarded by the management and the entire staff as a role model in both business and private matters. His charisma extended well beyond the professional realm.

Peter Schmidt died in early February, a few weeks after his 85th birthday, at home in the circle of his family. In Waldkraiburg and at the numerous other KRAIBURG locations he will be remembered always as a generous patron of art, culture and sports.

KRAIBURG TPE (www.kraiburg-tpe.com) is a global manufacturer of thermoplastic elastomers. From its beginning in 2001 as subsidiary of the historical KRAIBURG Group founded in 1947, KRAIBURG TPE has pioneered in TPE compounds, today being the competence leader in this industry. With production sites in Germany, the US, and Malaysia the company offers a broad range of compounds for applications in the automotive, industrial, consumer, and for the strictly regulated medical sectors. The established THERMOLAST®, COPEC®, HIPEX®, and
For Tec E® product lines are processed by injection molding or extrusion and provide numerous processing and product design advantages to manufacturers. KRAIBURG TPE features innovative capabilities as well as true global customer orientation, customized product solutions and reliable service. The company is certified to ISO 50001 at its headquarters in Germany as well as in Malaysia and holds ISO 9001 and ISO 14001 certifications at all global sites. In 2016, KRAIBURG TPE, with over 550 worldwide employees, generated sales of 167 million euros.

The KRAIBURG Group has 2.200 employees in nine strategic business units. Last year the group’s revenue totalled more than € 500 million. In addition to traditional products such as rubber compounds and rubber for tire retreading, the divisions of the group manufacture diverse products from rubber. KRAIBURG has also developed to become a worldwide leading supplier in the area of Thermoplastic Elastomers (TPE).

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