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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]
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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.
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