Jowat clinches Gold Standard as Best Managed Company

From left: Dr Christian Terfloth, Ralf Nitschke, Klaus Kullmann, the Board of Directors of Jowat (Image: Jowat)

Jowat has been awarded the Best Managed Companies Award sponsored by Deloitte Private, the newspaper Frankfurter Allgemeine Zeitung and the Federation of German Industries (BDI).

For the family-owned enterprise, the Gold Standard validates the corporate strategy with a consistent focus on innovation, sustainability and values.

“We are delighted to have been honored with the Best Managed Company title in 2023 again,” said Ralf Nitschke, member of the Board of Directors at Jowat SE, at the award ceremony in Düsseldorf.

As a competition and label denoting quality and excellence, the Best Managed Companies (BMC) programme is designed to build a national and global ecosystem of exceptionally managed private businesses.

Best Managed Companies was established in the 1990s by Deloitte in Canada and has since been launched successfully in more than 45 countries.

Jowat regards itself as an innovation leader, particularly in the field of sustainability and will continue to further strengthen this role. For instance, the group’s Green Adhesives product portfolio supplies sustainable adhesives for multiple application.

Nitschke has provided insight into what the future will bring: “By the year 2025, at least 80% of Jowat’s product innovations will meet our sustainability requirements—this is our goal. In that context, we will significantly increase the sales volume of our Green Adhesives, which today are already setting benchmarks in terms of occupational safety, resource conservation and consumer protection.”

From the point of view of Jowat’s Board of Directors, the successful combination of responsible sourcing practices and supply chains with more resource-saving production processes set the foundation of tomorrow’s sustainable products.

“Best managed companies such as Jowat are a strong and central pillar of our economy. They drive innovation while also pursuing a corporate governance geared to long-term success. These powerful businesses have earned the award because they think in generations, not in quarters,” added Markus Seiz, head of the Best Managed Company programme and director at Deloitte Private.