Rational AG
From Wikipedia, the free encyclopedia
 | |
| Company type | Aktiengesellschaft |
|---|---|
| FWB: RAA MDAX | |
| Industry | Manufacturing |
| Founded | 1973 |
| Headquarters | Landsberg am Lech, Germany |
Key people | Dr. Peter Stadelmann (CEO) Jörg Walter (CFO) Dr. Martin Hermann (CTO) Markus Paschmann (CSO) Walter Kurtz (Chairman of the Supervisory Board) Siegfried Meister (founder) |
| Products | Combi steamers |
| Revenue | € 1.194 billion |
Number of employees | 2,554 (2024) |
| Website | www.rational-online.com |
Rational AG is a German manufacturer and retailer of commercial and industrial kitchen equipment for thermal food preparation. The company is based in Landsberg am Lech, Germany, and was founded by Siegfried Meister in 1973. It operates worldwide and has 25 subsidiaries in Europe, Asia, North and South America as well as seven branches in Germany.
The company was founded in 1973 by Siegfried Meister (* 1938, † 2017) with 18 employees as a company for the production and distribution of hot air appliances in Germany.[1] These quickly superseded conventional ovens that were used in the commercial sector before then. Initially, the company produced deep fryers and ovens. In 1976, Meister invented the Rational combi steamer for commercial kitchens and started its production.[2][3] From 1978 onwards, the company concentrated solely on combi steamers and discontinued all other product lines.[1]
From 1991, Rational expanded abroad and founded its first subsidiary in the United Kingdom. In 1992, the company took over the French partner Frima.[1] Since then, local sales companies have been established in multiple countries across the world.[4]
In 2000, "Rational GmbH" was converted to a stock corporation. Since March 3, 2000, the company has been listed in the Prime Standard of the Frankfurt Stock Exchange.[2][3][5]
In 2008, Rational opened its third plant in Landsberg.[6] On March 4, 2009, the company was promoted to the MDAX. As of September 22, 2014, Rational AG was listed in the SDAX. In 2012, Peter Stadelmann joined the company and took over the business from 2014.[1][7]
On August 11, 2016, Rational moved back up to the MDAX,[8] and on September 18, 2017, the stock again moved to the SDAX.[9] In 2018, Frima was renamed Rational and its VarioCookingCenter has since been marketed under the Rational brand.[10]
On September 23, 2019, Rational returned to the MDAX. In April 2022, the contract of CEO Peter Stadelmann was extended until November 2027.[11][12]
