Schwaig near Nuremberg/Hof, July 16, 2025 – The CFO of
ERWO Holding AG (“ERWO Holding”) and
Hoftex Group AG (“Hoftex Group”), Daniel Köster, has requested the Supervisory Board to approve the early termination of his contract. The Supervisory Board complied with this request. Daniel Köster is leaving the Management Board of both companies on the best of terms with immediate effect and remain available in an advisory role until the end of the year. His responsibilities will be taken over by CEO
Manuela Spörl on an interim basis. A structured search process has been initiated to fill the position of Chief Financial Officer.
During his time as a member of the Executive Board of
ERWO Holding and the
Hoftex Group, Daniel Köster played a key role in further developing the finance division and successfully drove forward and implemented important measures and projects, including, in particular, securing a follow-up financing for
Hoftex Group.
Tom Steger, Chairman of the Supervisory Board of
ERWO Holding and
Hoftex Group, said: “We would like to thank Daniel Köster for his high level of commitment over the past years and his personal dedication to our companies, and wish him all the best for his future career and personal life.”
About ERWO Holding AG
ERWO Holding AG acts as the umbrella company of the Südwolle Group, in which the worsted yarn activities of the Group are combined, and as head of ERWO Immobilien und
Beteiligungen GmbH & Co. KG, in which the real estate activities are operated. Furthermore,
ERWO Holding AG holds a significant stake in
Hoftex Group AG.
About Hoftex Group AG
The
Hoftex Group AG, headquartered in
Hof (Bavaria), acts as holding for a group of medium-sized companies in the textile industry. In 2024, the group achieved consolidated sales of
EUR 144.3 million and currently employs around 900 people worldwide. The
Hoftex Group has shaped the international textile industry for around 170 years. The main activities of the group are the production of raw and coloured yarns, the manufacture of technical as well as decorative fabrics and the production of nonwovens for technical applications and the clothing industry. In its three business units
Hoftex (yarns), Tenowo (nonwovens) and Neutex (home decoration), the group combines production, research and development expertise that is unique in the textile industry. The
Hoftex Group AG maintains production locations in
Germany,
Europe,
North America and
China and supplies its products to leading companies in the automotive, textile and consumer goods industries including retailers. The shares of
Hoftex Group AG are listed in the small and mid-cap segment m:access of the
Bavarian Stock Exchange in
Munich.
About Südwolle Group
Südwolle Group is a leading manufacturer of worsted yarns for weaving, circular and flat knitted products in pure wool and wool blends. Founded in 1966 and based in Schwaig near Nuremberg, Südwolle Group employs around 3,200 people at its production sites in
Germany,
Bulgaria,
China,
Vietnam,
Italy,
Poland and
Romania. Within the product range Südwolle (weaving yarns), Biella Yarn (flat knitting yarns), Yarn in Motion (circular knitting yarns), Richter (hosiery yarns), Stöhr (technical yarns), GTI (luxury yarns) and Soey (airjet yarns), the company produces large quantities of standard yarns as well as individually developed qualities. With a global annual production capacity of 26,000 tons in spinning, 11,000 tons in dyeing and 7,000 tons in wool finishing, Südwolle Group achieved a sales volume of
EUR 436 million in 2024.
Press Contact
Charles Barker Corporate Communications GmbH
Dr.
Tobias Anslinger, +49 69 79 40 90-41
Kornelia Spodzieja, +49 69 79 40 90-40
SWGHTG@charlesbarker.de
