Early Life
Albert Boehringer was born on August 11, 1861, in Stuttgart, Germany. He studied chemistry, laying the groundwork for his future endeavors. In 1885, at the age of 24, he purchased a small tartar factory in Nieder-Ingelheim, Germany, marking the beginning of his entrepreneurial journey.
Rise to Success
Boehringer's vision and scientific acumen were key to his success. The company, initially named Albert Boehringer, Chemische Fabrik, started with 28 employees and focused on producing tartaric acid salts for various industries. A pivotal moment came in the 1890s when Boehringer pioneered the industrial production of lactic acid through bacterial fermentation. This innovation propelled the company forward, establishing it as a pioneer in large-scale biotechnological production. The company was renamed C. H. Boehringer Sohn in 1893. His discovery enabled the company to mass-produce lactic acid, which was in high demand. The company launched its first pharmaceutical specialty, Laudanon, in 1912.
Key Business Strategies
Boehringer's business strategy focused on long-term sustainability and research. The company invested in research and development, expanding its product line and international presence. This expansion included subsidiaries and production facilities across the globe. By the time of his death in 1939, the company had grown to employ 1,500 people, a testament to his strategic vision.
Philanthropy
While specific amounts are unavailable, Boehringer was known for prioritizing employee welfare. This included health insurance, paid leave, and a company pension scheme, reflecting his commitment to his workforce.