Peter W. Klein, who was born in Stuttgart in 1947, was the managing partner and owner of Rectus in Nussdorf until 2007. He joined his father’s company in 1974 and from then on managed the business of the quick connect coupling manufacturer. In 2007, he decided to sell the company to Parker Hannifin Corp. in Cleveland zu verkaufen. At this point, Klein had built up the business into an international consortium with companies in Germany, the USA and Sweden, the head office in the Swabian location of Eberdingen-Nussdorf, and 17 sales subsidiaries worldwide.
Since selling the company in April 2007, Peter Klein and his wife Alison have increasingly devoted themselves to social and cultural interests. With an endowment sum of 5 m Euro, the Alison und Peter Klein Foundation has supported sports and education as well as social and cultural objectives in Nussdorf and the surrounding area since 2008. Furthermore, the foundation has given the 10,000 Euro advancement award "Stiftungspreis für Fotokunst" every year since 2009. This serves to encourage young photographic artists and was awarded 2009 to 2011.
At the same time – after 30 years of intensive collecting activity – the collecting couple decided to place contemporary art on the map in the rural area and make it accessible to all with the construction of a museum. "KUNSTWERK" opened in October 2007 with "Hängung #1", since which time it has been displaying items from the collection currently comprising approx. 1800 works.
This avid marathon runner, who constanty commutes between the USA and Nussdorf, strikes the balance principally with his family, with his three daughters and two grandchildren. Among other things, Peter Klein is a member of the Konrad-Adenauer-Stiftung board of trustees as well as the friends of the Kunststiftung Baden-Württemberg, Kunstmuseum Stuttgart und Staatsgalerie Stuttgart.