We advised H&T
Heitkamp & Thumann Group, Düsseldorf, Germany
Heitkamp & Thumann Group, Düsseldorf, with close to € 400 Mio of revenues and some 2,300 employees on 16 sites in Europe, Asia and the US consists of a few midsized companies for metal and plastic products. It manufactures aerosol spray containers for pharmaceutical industry, metal hoses, cold-formed metal parts and plastic parts for automotive industry, airducts for buildings and air treatment, and battery containers.
Johnson Controls Inc., Milwaukee, USA
Johnson Controls (stockticker at NYSE: JCI), one of the US-Fortune 100 companies headquartered in Milwaukee, is a global leader in automotive interior systems, building efficiency and power solutions.
Westfalia Profiltechnik GmbH & Co KG in Hilchenbach, Germany, with revenues in excess of € 20 million produces roll-formed seat glides and seat parts for automobiles by employing its world-leading roll-forming process knowhow. Johnson Control which is increasingly applying components manufactured with this cold-forming technology in its newest generation of seat systems, acquired Westfalia to secure its supplies and take possession of the roll-forming know-how. Johnson Controls intends to expand the site in Hilchenbach to become the worldwide competence center of roll-forming.
Hübner Schlösser & Cie advised the seller during the entire process, i.e. identified potential interested parties, prepared the Investment Memorandum and Management Presentation, organized the due diligence process, and led the negotiations.
Transaction value: Not published
Industry: Industrial products
Business field: Mergers & Acquisitions