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The Oetker family is a German entrepreneurial dynasty from Bielefeld, Germany, who made their fortune in baking powder. The Oetker family was established by patriarch August Oetker who was the founder of Dr. Oetker, a leading German food manufacturing concern, which employed 29,000+ employees worldwide (2023). [1]
The portfolio includes more than 300 individual companies in five different businesses, among them food (including Dr. Oetker GmbH and Coppenrath & Wiese KG), breweries (Radeberger Group), sparkling wine and spirits (Henkell & Co. Sektkellerei), banking (Bankhaus Lampe), and "further interests" (among them chemicals, financing, and participation, and a number of high-class hotels all over Europe).
In 1995, Dr. Arend Oetker acquired a majority shareholding in Hero and re-positioned the Group to focus on branded business. Business segments that no longer fitted this brand strategy were divested. In parallel, the Group embarked on a major geographic expansion program.
Oetker was born 30 March 1939 in Bielefeld, Nazi Germany (presently Germany), the oldest of five children, to Heinrich Oetker, a farmer originally from Wiedensahl in Lower Saxony, and Ursula Oetker (née Oetker; 1915–2005), of the Oetker family. His parents were 8. cousins hence his name is the same in the paternal line. [1]
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