Glatthaar Group

Glatthaar Group

Glatthaar Group was founded in 1980 by Joachim Glatthaar as a manufacturer of prefabricated basements, a niche within the broader German construction sector. The group has since expanded into a vertically integrated operation that spans precast concrete production, construction services, and real estate development. Its primary operating subsidiaries — Glatthaar Keller and Glatthaar Bau-Grund — generate cash flows that underpin the group's investment activities. Joachim Glatthaar remains the primary owner, with key operational leadership from Michael Gruben as Managing Director of Glatthaar Holding GmbH and Reiner Heinzelmann as Commercial Managing Director for the overall group. Andrea Glatthaar represents the family interest in the Swiss branch, Glatthaar-Fertigkeller AG. The group's capital deployment focuses on expanding its manufacturing footprint and accumulating real assets. Its production network includes precast plants in Waldmössingen and Weißenfels, along with a facility in Simmern, Hunsrück. Real estate holdings include the Innovation Forum Dunningen — a commercial property — plus a residential land development in Langenfeld. These assets sit alongside the corporate headquarters at Joachim-Glatthaar-Platz 1 in Schramberg. The firm also invests in operational infrastructure, including a corporate electric fleet, solar power installations across group sites, and a dedicated "Innovationsexpress" vehicle. This asset base is funded entirely through retained earnings from the manufacturing business, with no evidence of outside fund structures or third-party capital. Glatthaar Group operates across multiple German states — Baden-Württemberg, Saxony, Rhineland-Palatinate — and into Switzerland through its Schaffhausen-based subsidiary. The firm's structural differentiator is its closed-loop nature: a family-owned manufacturer that reinvests operating profits directly into hard assets — production plants, land, commercial real estate — without outside capital or a formal investment committee structure. There is no fund vehicle, no co-investors, and no external allocation process. This makes Glatthaar Group closer in architecture to a German Mittelstand industrial holding than to a traditional family office. Succession and governance remain concentrated with Joachim Glatthaar and a small circle of operational directors.