The Livingstone consumer sector team advised H\u00fcls AG & Co KG, Stadtlohn, (\u201cH\u00fcls Group\u201d) on the sale of its living and bed room furniture producer Loddenkemper GmbH & Co. KG, Oelde, and mattress and bed manufacturer femira Schlafsysteme GmbH (\u201cfemira\u201d), Herzebrock-Clarholz, with their associated production companies to Wiemann family (Oeseder M\u00f6bel-Industrie Mathias Wiemann GmbH & Co. KG of Georgsmarienh\u00fctte). The parties have agreed not to disclose any details of the transaction.<\/p>\n
Loddenkemper, founded in 1889, manufactures upmarket bedroom and living room ranges with lacquered and veneered surfaces. H\u00fcls Group acquired Loddenkemper in 1993. Femira was founded over 200 years ago by Gussmann family and was acquired by H\u00fcls Group from insolvency proceedings in 2004. Since then it has evolved into a supplier to the upper segment, manufacturing for example for the premium brand Musterring. The transaction was undertaken as part of the H\u00fcls Group’s concentration on its H\u00dcLSTA brand.<\/p>\n
The idea was to place both businesses in the hands of a buyer able to make optimum use of the operational repositioning, which has been achieved by SMP Struktur Management Partner in Cologne with its partner Felix Schwabedal, and to continue the ongoing growth with the confidence of the furniture retail chains. Livingstone succeeded in implementing a promising solution for the company and its employees ahead of MOW \u2013 thelocal key trade fair for the furniture industry in mid-September.<\/p>\n
Wiemann is a German manufacturer of semi-solid, laminated furniture (bedroom suites and free-standing items) and was founded in 1900 by master carpenter Mathias Wiemann. The family-owned company is now managed by the fourth generation and is one of the market leaders in this segment in Germany. The Wiemann family decided to expand and complement its product range, and has acquired Loddenkemper and femira as part of this business strategy.<\/p>\n
\u201cThe fact that we are able to announce the takeover of Loddenkemper and femira by WIEMANN ahead of MOW is a superb way to start the 2018\/2019 furniture year, and is fantastic news for the retailers, our employees and our customers. I am already very excited about working with the Wiemann family, and with Mr. Kriege as Managing Director,\u201d said J\u00fcrgen Merkelbach, Managing Director of Loddenkemper and femira.<\/p>\n
\u201cAs an established manufacturer of bedroom furniture, this was a very special opportunity for us to buy a producer of premium-priced box furniture and beds\/mattresses \u2013 a company whose historical roots are as firmly embedded in homegrown German quality as are our own,\u201d commented Markus Wiemann.<\/p>\n
\u201cWith WIEMANN as a strategic partner, with the expertise of our employees and the highly motivated team at Loddenkemper and femira, we are going to continue to develop the well-known brand of this long-standing company, highly valued by its customers, and position it going forward as a trustworthy, capable partner to the trade and to our customers,\u201d added Helmut Kriege, Managing Director of Oeseder M\u00f6bel-Industrie Mathias Wiemann GmbH & Co. KG.<\/p>\n
\u201cWe are absolutely sure that WIEMANN is the right buyer for both companies,\u201d said Paul J\u00e4hn, CEO of H\u00fcls AG & Co. KG, summarizing the deal.<\/p>\n
\u201cWe are delighted that the shareholders and management of H\u00fcls AG & Co KG placed their trust in us to assist them in advising them with the strategic positioning of the H\u00fcls Group. The search for a suitable long-term partner with experience of the industry, and who appreciates and is able to use the potential and the tractive power of the brands, was a really exciting process, and WIEMANN proved to be the ideal answer. It was a great pleasure for us to be able to advise these established companies on the sale, together with the management and the SMP team, and we would like to thank the company and its shareholders for their excellent teamwork,\u201d said Dr. Andr\u00e9 Schr\u00f6er, Livingstone Partner in D\u00fcsseldorf.<\/p>\n
The seller’s legal advisor was Gleiss Lutz in Munich, who fielded a team headed by Dr. Ralf Morsh\u00e4user and Dr. Tobias Falkner. The buyer was assisted by KPMG Legal D\u00fcsseldorf, led by Dr. Maximilian Gr\u00f6ning.<\/p>\n
This successful transaction for H\u00fclsta comes on top of numerous other transactions in the furniture industry, such as the sale of a majority stake in SieMatic to China’s Nison Group and the sale of premium furniture maker interl\u00fcbke to SCHRAMM. This transaction is also a tribute to Livingstone’s expertise in the furniture segment (Posseik<\/span><\/a>,\u00a0interl\u00fcbke<\/span><\/a>,\u00a0Dovetail<\/span><\/a>, Burgbad, etc.).<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":3423,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-17679","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":"","date":"20181031","client_type":58,"type":[1063],"region":[404],"services":[469],"sectors":[899,903,888],"related_transactions":"","related_testimonials":"","contacts":""},"yoast_head":"\n