Orafol awarded Best Managed Company

The international Orafol Group, a leading manufacturer of high-performance self-adhesive special products and films, took out the Best Managed Companies Award 2022 this week.

Orafol is a major supplier in Australia, five years ago it bought most of its distributors here and set up as a direct subsidiary of the German business, then appointed industry veteran Alex McClelland as managing director three years ago.

Banks Deloitte Private, Credit Suisse and newspaper Frankfurter Allgemeine Zeitung together with the Federation of German Industries (BDI) highlight “excellently managed” German medium-sized companies.

The Best Managed Companies Award is an internationally established competition by Deloitte Private, which has run Germany since 2018. Best Managed companies are those that develop valuable skills and resources, are highly execution- oriented, focus on productivity and innovation and value the right people to execute their business model and strategy.

The Orafol Group met the strict criteria of the programme in the four areas - strategy, culture & commitment, productivity & innovation, governance & finance.

Dr Holger Loclair, chairman & CEO of the Orafol Group, said, “We place high demands on ourselves - in product development, in service and in cooperation with customers and partners. I am pleased that the enormous commitment and discipline of all employees at Orafol has received public appreciation through this award. The increase in sales in a challenging environment is the result of targeted processes, a business strategy that focuses on sustainability and a culture that protects honest and open co-operation - especially in times of our rapid growth.”

Orafol generated sales of €768m last year. The owner-managed group employs 2,500 people worldwide, with 1,100 at its headquarters near Berlin.