Verse day

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Former main building of the VerSeidAG by Ludwig Mies van der Rohe (1931–35)

The Verseidag AG (originally United Seidenweberei Aktiengesellschaft shortly VERSEIDAG ), headquartered in Krefeld was a listed conglomerate of the textile industry , which lost with the decline of the German textile industry and various restructuring in 1998 its independence. The name Verseidag lives on today at Verseidag-Indutex, a medium-sized manufacturer of technical textiles that belongs to the Jagenberg Group .

history

In 1919, in view of the difficult economic situation after the First World War, several companies in the Krefeld silk industry, "Gebrüder Esters", "C. Lange ”and“ Kniffler-Siegfried ”merged into a community of interests from which the Vereinigte Seidenweberei Aktiengesellschaft, or VerSeidAG for short, emerged in 1920. Before that, silk fabric production was the most important economic factor in Krefeld, especially in the 19th century, which is also known as the “Velvet and Silk City”. The industrialists Hermann Lange and Josef Esters, both owners of a previously family-run weaving mill, took over the management of VerSeidAG. This was followed by the acquisition of companies for expansion and the construction of a central workshop to repair the machines at the now numerous locations; Until 1926 the company was one of the world's top tie fabric producers. Between 1931 and 1939 the now listed company headquarters was built by the architect Ludwig Mies van der Rohe in the Bauhaus style, today's Mies van der Rohe Business Park .

By 1940 the company employed 6,000 people. After the war, the group had to deal with severe war damage (including the destruction of the company's headquarters in Krefeld), the expropriation of the factories in the GDR and the loss of foreign factories. The number of employees in 1940 was not reached again until the 1960s. The operations in Krefeld, Kempen-St. Hubert, Geldern-Walbeck and Herongen supplied industrial textiles, lining materials, home textiles and tie fabrics.

From 1970 the group increasingly had to struggle with imports from low-wage countries. It could only save itself through tough restructuring measures and the withdrawal from the endangered areas of the textile industry. 1986 Change of name to Verseidag AG, a pure finance and management holding company, listed in Düsseldorf and Frankfurt. The most important subsidiaries were the now insolvent Devetex Delius-Verseidag (linings) and the Verseidag Ballistic Protection. In the 1990s, the Verseidag group underwent further restructuring. Production has been transformed from a pure textile company to a supplier specialist with a largely technical focus in the plastics sector.

In 1998 Verseidag, now Verseidag Technologies, was acquired by the Dutch listed Gamma Holding through a public purchase offer and taken off the stock exchange in 2002 after a compensation offer to the minority shareholders. In 2009, Gamma sells the companies Verseidag-Indutex and Verseidag Ballistic Protection to the Jagenberg Group, a holding company also based in Krefeld with activities mainly in mechanical engineering. Verseidag Ballistic Protection later went to the armaments company Rheinmetall (now Rheinmetall Ballistic Protection) and its Finnish activities to its Belgian competitor Sioen .

Web links

Individual evidence

  1. ↑ VERSEIDAG AG: Gamma Holding NV announces public purchase offer , ad-hoc announcement Verseidag AG, November 30, 1998
  2. ↑ Gamma announces compensation offer for VERSEIDAG minority shareholders , ad hoc announcement Verseidag AG, April 9, 2002