Klöckner & Co

Deutsche Bank AG was sole shareholder of Klöckner & Co. The company is converted into a stock corporation. Christian-Peter Henle is leaving the corporate management.

Due to an unsuccessful crude oil terminal business in the late 1980s, the company got into an existential crisis. This drastically reduced the company's capital base by 600 million German Mark. Peter Henle, who was responsible for this business area, pulled the consequence and left the management.

Deutsche Bank, which provided 400 million Deutsche Mark to cover the loss, took over the company and converted it into a stock corporation. Klöckner & Co -family was no longer family -run.

In 1989 Klöckner & Co passed through Viag. Under a new leadership, Klöckner & Co worked in areas such as steel, PC products, chemistry, textiles and mobile buildings in the 1990s and expanded its international presence in the area of steel.

In spring 1997, Klöckner & Co announced the decision to concentrate on his core business, steel and metal trade in the future. While it further expanded the warehousing steel trade in Europe, the group's core business were no longer sold.

After the death of Peter Klöckner's only son, Waldemar Peter Klöckner in December 1936, the Peter Klöckner Family Foundation, founded in 1931, was used as an inheritance of the Klöckner company network. The successor was the husband of Peter Klöckner's stepdaughter Günter Henle, who was personally liable at Klöckner & Co from 1937 to 1976.

Due to an unsuccessful crude oil terminal business in the late 1980s, the company got into an existential crisis. This reduced the company's capital base by 600 million Deutsche Mark.
Peter Henle, who was responsible for this business area, pulled the consequence and left the management.

At the beginning of 1937, Günter Henle moved to industry:
At the Berlin iron trade company belonging to Klöckner & Co, he completed a nine -month commercial training, accompanied by evening courses on ironworks at the Technical University of Berlin. In the autumn of the year he was included in the board of Klöckner-Werke AG and as a managing partner in the Klöckner & Co trade house.

After the death of Peter Klöckner in 1940, he headed the Klöckner & Co. Handelshaus Klöckner & Co. to the Peter Klöckner Family Foundation and Günter Henle took over the remaining shares until 1941.

In mid -1942 he was forced to withdraw from all positions by Gauleiter Josef Terboven, including From the board of Klöckner Werke AG. After several months of negotiations with decisive positions, under the leadership of State Councilor Karl Jarres, CEO of the family foundation, it was possible that he at least returned to the head of the Klöckner & Co trade company in Duisburg.

Peter Klöckner died in Duisburg on October 5, 1940 at the age of 76. Like many family entrepreneurs, he wanted to preserve his life's work and pass on to upcoming generations. After his son's accident death, the successor solution resulted in a complex construct, at the center of which was the "Peter Klöckner Family Foundation", which had almost all shares to Klöckner & Co. and control over Klöckner-Werke AG.