Hörmann acquired Schlotterer Rollcom
6 Oct 2016
Steinhagen – The family-run Hörmann Group has announced a further acquisition: With the purchase of the Schlotterer Rollcom Group, headquartered in Bodelshausen near Tübingen, Hörmann is expanding its activities in the area of exterior sun protection.
After door manufacturer Hörmann expanded its product range with roller shutters, sun protection and insect protection in 2013 with the acquisition of the Upper Franconian company Alukon, Hörmann is now taking over all shares from the previous owners of Schlotterer Rollcom (subject to cartel law approval), financial investor AFINUM and the company’s management in Munich. Martin J. Hörmann, personally reliable partner of the Hörmann Group, recently signed the purchase contract.
Schlotterer Rollcom is one of the leading manufacturers of ready-to-fit roller shutters and exterior blind systems in Southern Germany. “We view this purchase as a consistent further development of our exterior sun protection business. The acquisition of the Schlotterer Group allows us to strengthen our market position”, says Martin J. Hörmann. As is usually the case for all Hörmann subsidiaries, the company with its 100 employees will operate independently, both economically and legally, and will retain its previous commercial policies. The management of the Schlotterer Group will remain in place with Thomas Burghardt and Volkmar Döring.
Klaus Braun, Managing Director at Alukon and responsible for managing the Hörmann Group’s sun protection activities, is delighted about the acquisition: “We have been working together successfully with Schlotterer Rollcom for many years now. Both brands, Alukon and Schlotterer Rollcom, will be strengthened further in their differing market orientations with this acquisition”, says Klaus Braun.
Carlsquare initiated and advised on the transaction.
Carlsquare and the international M[&]A network Globalscope offer integrated cross-border M[&]A consulting services for medium-sized transactions. Carlsquare – a partner led corporate finance firm – advises businesses and shareholders to realise their strategic objectives ensuring the highest level of quality. Carlsquare is based in Hamburg and Munich with 25 employees. Globalscope has 45 members in 37 countries with more than 500 professionals worldwide. For further information about Carlsquare, please visit www.carlsquare.com.