Philipp Holzmann AG was a German construction company based in Frankfurt am Main.
History
Early years
The company was founded in 1849 by Johann Philipp Holzmann (1805-1870) at Sprendlingen in present-day Dreieich near Frankfurt am Main as Philipp Holzmann & Cie. Initially, the former sawmill company was concentrating on the supply of ties for railway construction, but then began to expand into building construction and civil engineering. In 1856, the headquarters moved to Frankfurt where in the late 19th century the company experienced rapid growth.
In 1917, Philipp Holzmann & Cie merged with the Internationale Baugesellschaft and became the publicly traded Philipp Holzmann Aktiengesellschaft. In 1938, the company had 20,800 employees[4] and contributed to several major building projects like the new Reich Chancellery in Berlin, the Nazi party rally grounds in Nürnberg, the Prora complex as well as the Westwall and numerous sections of the Reichsautobahn. In World War II, Holzmann constructed large parts of the Atlantic Wall by order of the Organisation Todt.[5]
Post-war years
In the post-war period, the company soon recovered with the rebuilding of Frankfurt, the airport and several public infrastructure projects. Post-war projects included the General Rafael Urdaneta Bridge in Venezuela completed in 1962,[6] the AfE-Turm in Frankfurt completed in 1972,[7] the Westend Gate in Frankfurt completed in 1976,[8] the Eurotower in Frankfurt completed in 1977[9] and the Silberturm in Frankfurt completed in 1978.[10] These projects enabled Holzmann to expand into the United States and in 1979 it acquired J.A. Jones Construction, a major US contractor.[11]
At its peak in 1994, the company had 43,000 employees and was with a revenue of 13.1 billion DM the largest German construction company. Despite public efforts for a recapitalization, the company filed for insolvency in 1999 and was finally liquidated in 2002.[2]
^Fiedler, Martin (1999b). "Die 100 größten Unternehmen von 1938 - ein Nachtrag". Zeitschrift für Unternehmensgeschichte (in German). 44 (2). Munich: Verlag C.H. Beck: 235–242. doi:10.1515/zug-1999-0208. S2CID187523150.
Groß, Lothar (2012). Made in Germany: Deutschlands Wirtschaftsgeschichte von der Industralisierung bis heute Band 1: 1800 - 1945. Boos on demand. ISBN978-3-8482-1042-8.
Pohl, Manfred (1999). Philipp Holzmann: Geschichte eines Bauunternehmens 1849 - 1999. C.H. Beck. ISBN978-3406453397.