LIQUI MOLY is getting a new owner. At the turn of the year, LIQUI MOLY CEO Ernst Prost will be selling his company shares to the Würth Group.
“I have hereby secured the future of LIQUI MOLY for a time when I may no longer be at the helm myself,” said Prost.
He remains the CEO of the corporate group and says the company is fit and healthy: high equity ratio and yet another sales record this year, according to Prost. “I wanted to make provisions with a minimum of fuss, when things are going well and we don’t have to decide under difficult circumstances,” he said.
LIQUI MOLY has had a long relationship with the Würth Group. For nearly 20 years, the Würth Group has been a silent partner of LIQUI MOLY. With more than 70,000 employees and 12.5 billion euros (approximately $15 billion USD) in sales, Würth Group is larger than LIQUI MOLY, but also is a family company.
“That’s why I know LIQUI MOLY is in good hands with the Würth Group,” added Prost.
LIQUI MOLY will remain an independent company within the Würth Group, Ernst Prost remains CEO and nothing changes for the employees, either. “Those who know me know that my employees are my focus,” said Prost. “After all, it would be foolish to change anything about the road to success over the past few years. Everything will continue just as before – just under a bigger roof that offers greater protection.”