Poellath advised Rolf and Ute Zimmermann, the previous owners and managing directors of E. Zimmermann GmbH.
Rolf and Ute Zimmermann, the previous owners and managing directors of E. Zimmermann GmbH, announced the sale of all shares in the company to Aachen-based Stackpole International GmbH. The transaction was completed in May 2021 and is retroactive to January 1, 2021.
Based in Öhringen, Baden-Württemberg, and founded in 1970, E. Zimmermann GmbH is a leading machining specialist for automotive differential housings, based on innovative and flexible proprietary machining processes and manufacturing concepts developed in-house. The company acts as a Tier 2 supplier for well-known Tier 1 automotive suppliers serving premium original equipment manufacturers (OEMs) for the upper to premium and sports car segments. E. Zimmermann employs approximately 130 people and generated annual sales of EUR 16.4 million in 2020.
Stackpole, headquartered in Canada, is a supplier of products to the automotive industry, manufacturing powertrain systems and components. The company has a global presence with manufacturing facilities in North America, Europe and Asia and serves a customer base of international automotive OEMs and Tier 1 suppliers.
With the sale of their shares in Stackpole, the siblings Rolf and Ute Zimmermann have succeeded in finding an internationally active acquirer as successor for the company. Rolf and Ute Zimmermann will remain managing directors until July 31, 2021 and will be succeeded by Jürgen Hartmann, who joined the management team on June 1, 2021.
The Poellath team included Dr. Frank Thiäner (Picture – partner, lead, M&A/private equity), Gerald Herrmann (partner, tax) and Dr. Dominik Gerlicher (associate, M&A/private equity).
Law Firms: P+P Pöllath + Partners;