Gerflor SAS group, France, has entered into a binding agreement to acquire the linoleum activities of the insolvent DLW Flooring GmbH.
The transaction included the takeover by Gerflor of the manufacturing plant in Delmenhorst (Germany) as well as a part of the company’s sales force and support functions. The purchase price has not been disclosed.
Gerflor is a global leader in the production and distribution of flooring, wallcovering and finishes. In 2017, Gerflor had 3,700 employees and a turnover of EUR 860 m worldwide.
Founded in 1863, DLW is a manufacturer and distributer for high-quality resilient flooring solutions including linoleum, vinyl & LVT, fibrebonded and pool and pond liners. DLW’s linoleum production site in Delmenhorst is one of four facilities worldwide and the only one in Germany. DLW distributes its products globally and generated revenues of c. €130m in 2016.
Homburger advised Gerflor with respect to Swiss law with a team included Senior Counsel Ueli Huber and associate Marc Hanslin (both Corporate | M&A).
Law Firms: Homburger;
Clients: Gerflor SAS;