Germany’s Backbone of Family-Owned Firms Is Up for Sale
- Red tape and investment demands prompt owners to weigh sales
- Heirs are less likely to want to take over family business
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Steffen Cyris, the owner and chief executive of Schrutka-Peukert, a Bavarian manufacturer of refrigerated deli counters and dry-age beef rooms, boasted at last year’s Christmas party about the company’s packed order books, brushing off Germany’s broader economic woes and telling employees to prepare for some extra work this year.
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