The Possehl Group, which operates worldwide under the leadership of the management holding company L. Possehl & Co. mbH, is a diversified group with currently ten economically independent, decentrally organised divisions. The Possehl Group comprises L. Possehl & Co. mbH and more than 200 subsidiaries in over 30 countries. According to preliminary figures, the Group generated sales of EUR 5.8 billion in the 2023 financial year. Possehl currently employs around 13.300 people worldwide.
The company was founded in 1847 by Ludwig Possehl as a place trading for ironmongery in Lübeck. The non-profit Possehl Foundation has been the sole shareholder since 1919. This corporate structure enables the Possehl Group to remain independent and forms the basis for long-term entrepreneurial decisions.