Klimas Wkręt-met among the most valuable family businesses of Forbes

28 November 2019

The Klimas Wkręt-met company, a leading Polish producer of the highest quality fastening techniques, has won the ranking of the "Most Valuable Polish Family Companies" organized by Forbes monthly.

The "Most Valuable Polish Family Business" ranking took place as part of the second edition of regional meetings - Family Business Forum, initiated and organized by Forbes monthly. The Klimas Wkręt-met company was among the winners of the ranking in the Silesian voivodship, being on the 8th position of family businesses with revenues over PLN 100 million. The ceremonial gala, combined with the presentation of certificates to laureates, took place on November 21st in Katowice. The award was received by Paweł Klimas, Member of the Board of Klimas Wkręt-met.

A place among the most valuable family businesses is a very important distinction for us - says Paweł Klimas, Member of the Board at Klimas Wkręt-met. - It confirms that the strength of Klimas Wkręt-met are people, largely associated with the company from the beginning of its existence. However, the next generation, which I am myself, is developing and expanding the company's success in new markets. Thanks to this, the value of the Klimas Wkręt-met brand has been successively increasing for almost 30 years.

One of The "Most Valuable Polish Family Businesses" ranking’s aims is to increase awareness and to emphasise the importance of family businesses in the Polish economy. It is a list of reliable and transparent enterprises, which have an unblemished reputation.

According to the report "A family business is a brand" developed by the Family Business Institute, over 90% of enterprises in Poland are family businesses (over 50% of shares). However, only 36% of them declare this nature of the enterprise. This situation results from a lack of awareness about the family nature of companies. In fact, the family factor that the family business identifies with is not only image potential. Family businesses are a major economic force, both because of their number and because they have greater survivability than others in times of crisis. Their owners have a sense of responsibility towards the generations that created the company, as well as to their successors. Companies managed by the owner family are perceived as more reliable, authentic and determined to provide goods and services of the best quality. They are focused on multi-generational activities.

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