Esterer Gießerei

Esterer Gießerei - The Beginnings

The Beginnings

From a workshop functioning on hydro power to the first joint stock company of Bavaria

In the year 1862 and thus in the historical context of Abraham Lincoln and Otto von Bismarck as prime minister of the German state of Prussia Josef Esterer laid the foundations for the company under his name in the market town Altötting in Upper Bavaria.

He used hydro-power from the stream Mörnbach which ran through the famous pilgrimage site to run its workshop and foundry. As the area had a strong agricultural background repair works for agricultural and forestry machinery and the production of original and spare parts for mills and sawmills were his most important income sources.

Yet this changed quickly. Already after eleven years when the son of Josef Esterer, Andreas, took over the company the plant developed from a handicraft workshop to a machinery company. The machinery equipment was extended and saw gates, threshing machines and steam engines were added to the production range.

And the success story continued. When in 1898 the town of Altötting was granted the status of a borough the town already went through an extraordinary development in the second half of the 19th century. Trade and industry developed and the company Esterer grew to be the most signifying economic factor in the region. A connection of Altötting to the railway line Mühldorf-Burghausen in 1897 was a welcome continuation of this development.

Thus at the turning of the millennium, when the engineering works Esterer employed already 290 workers, they entered as the first company in the history of Bavaria to the stock market and the company changed its form to a joint stock company, the Esterer AG.

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