Managed by the holding company L. Possehl & Co. mbH, the Possehl Group is a diversified group currently with eight independently operating divisions organized within a decentralized structure. The Possehl Group is comprised of L. Possehl & Co. mbH and over 150 subsidiaries in more than 30 countries. In the 2014 fiscal year, the Group generated sales of around € 3.2 billion. At present, Possehl has more than 12,000 employees around the world.
The Company was established in Lübeck by Ludwig Possehl in 1847 for local trading in iron goods. The non-profit foundation Possehl-Stiftung has been the sole shareholder since 1919. The corporate structure enables the Possehl Group to remain independent and lays the foundations for long-term corporate decisions.
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