The Stern-Wywiol Gruppe achieved a two-digit growth rate in 2010 and increased the consolidated turnover of its affiliates to €270 million as compared to €223 million in 2009.

Torsten Wywiol, 45, son of the founder Volkmar Wywiol, took over the management of the group on Jan. 1.

Under the umbrella of the German company, 11 independent companies develop, produce and market functional ingredients for food and animal nutrition.

Established by Volkmar Wywiol 30 years ago as a one-man business, the group of companies has grown to become one of the leading specialists in the global ingredients market with more than 650 employees.

Torsten Wywiol took over chairmanship of the board at the turn of the year. He joined the group more than 10 years ago as managing director of the affiliate Herza Schokolade in Norderstedt. For three years he has managed the business of the holding company with his father.

"With this handover we have achieved a smooth generation change and created the basis for a successful future as a family business," said Volkmar Wywiol, who will remain on the board and continue to accompany the group's operations.