Heart group industrial group becomes the social basis

The banks and others have always asked what will be behind me. And after I have not inherited anything myself and you cannot eat money myself, I now wanted to give something back, “Gerhard Glinzer laughs at his” very unusual “coup for Austria: he recently brought his industrial group with more than 3,000 employees and € 600 million in a turnover in a non -profit foundation.

As with most foundations, beneficiaries are therefore not his family, because benefits are now flows into training and further education, especially students and students in building technology. “We sponsor devices that the professional schools, HTL or FH could otherwise not afford, create and give away from very recognized manuals for training, groups invite groups for us etc.”

Glinzerer is now chairman of the foundation, the owner of the Herz Industries Holding, including the operational companies hanging in the group. “I now only have 1 % of the company, but I also remain director at Herz.” The extraordinary model was developed and coordinated with the Ministry of Finance for a good two years.

Because the two children did not want to succeed, the alternative was a sale: “There was always interest, such as the Chinese.” But the retention of the group is sustainably secured. The styric financial specialist Glinzerer built it up as a former manager of the Kahane Industrial Group in 1989 through a buy-out of the battered fittings and then acquired the Biomassa boiler binder and the insulation producer Hirsch Servo.

In the meantime, the group has 44 factories in 12 countries and sells worldwide. This should go as follows: “We want to strengthen ourselves in electronics and sales in the boiler area, also through acquisitions. There is a lot of potentially regional in Eastern Europe, the Arab world to India or Philippines.”

The banks and others have always asked what will be behind me. And after I have not inherited anything myself and you cannot eat money myself, I now wanted to give something back, “Gerhard Glinzer laughs at his” very unusual “coup for Austria: he recently brought his industrial group with more than 3,000 employees and € 600 million in a turnover in a non -profit foundation.

As with most foundations, beneficiaries are therefore not his family, because benefits are now flows into training and further education, especially students and students in building technology. “We sponsor devices that the professional schools, HTL or FH could otherwise not afford, create and give away from very recognized manuals for training, groups invite groups for us etc.”

Glinzerer is now chairman of the foundation, the owner of the Herz Industries Holding, including the operational companies hanging in the group. “I now only have 1 % of the company, but I also remain director at Herz.” The extraordinary model was developed and coordinated with the Ministry of Finance for a good two years.

Because the two children did not want to succeed, the alternative was a sale: “There was always interest, such as the Chinese.” But the retention of the group is sustainably secured. The styric financial specialist Glinzerer built it up as a former manager of the Kahane Industrial Group in 1989 through a buy-out of the battered fittings and then acquired the Biomassa boiler binder and the insulation producer Hirsch Servo.

In the meantime, the group has 44 factories in 12 countries and sells worldwide. This should go as follows: “We want to strengthen ourselves in electronics and sales in the boiler area, also through acquisitions. There is a lot of potentially regional in Eastern Europe, the Arab world to India or Philippines.”