Austrian Mayr-Melnhof Holz acquires German Hüttemann Group
On May 22, 2018, the Austrian Mayr-Melnhof Holz Group and the German Hüttemann Group signed an agreement for the takeover of all shares of the Hüttemann Group with locations in Wismar and Olsberg, Germany, by the Mayr-Melnhof Holz Group.
sonntag has accompanied the entire transaction from anonymous market value determination to the final signing of the contract. With the acquisition, the Mayr-Melnhof Holz Group intends to further expand its strategic position in the glulam product sector and thus become the leading supplier of this product group in Europe.
“The glulam sector of the Mayr-Melnhof Group and the portfolio of the Hüttemann Group complement each other both in terms of product range and geography,” says Richard Stralz, CEO of Mayr-Melnhof Holz Holding AG.
“With the Mayr-Melnhof Group, we have found the right partner for succession planning in our company. The Mayr-Melnhof Group has the know-how to perfectly manage the existing business and strategically develop the Hüttemann Group for the benefit of our customers and employees “, Regina Hüttemann and Mathias Herbst-Hüttemann justify their decision for this succession plan.