Luther advises flooring manufacturer Debolon during takeover by British Altro Group

British Altro Group acquired a majority stake in Dessau-based flooring manufacturer Debolon in December 2015. Luther Rechtsanwaltsgesellschaft advised Debolon, and the family who owns it, throughout the takeover.

Altro and Debolon are both family-run businesses, so share the same company structure. Both companies are third-generation family firms. Altro was founded in 1919, and Debolon in 1929. The takeover is a win for both companies.

Altro, which manufactures floor coverings and wall covering systems, can use Debolon's products to extend its own product range. Debolon products will continue to be sold under the Debolon brand name in the future. The British firm is also gaining a powerful manufacturing base in Central Europe. It plans to expand the Dessau site and invest in the Debolon brand.

Debolon will gain new sales channels and additional storage facilities. Debolon products may be sold worldwide in the future.

About Debolon

Around 120 staff design and manufacture beautiful, functional high-end vinyl floorings. Debolon was the world's first vinyl flooring manufacturer to stop using phthalates as plasticizers in 2012.

On behalf of Debolon

Luther, Mergers & Acquisitions: Denis Ullrich (Lead Partner), Dr. Klaus Schaffner (Partner), Steffen Häberer, Nino Ron Waberski, Goetz Baron Schlotheim-Reinbrecht (all Leipzig)

Luther, Real Estate and Real Estate Management Law: Dr. Thomas Gohrke (Partner), Andreas Mally, Johannes Wolff (all Leipzig)

Luther, Environmental Planning, Regulation: Dr. Stefan Kobes (Partner, Berlin), Dr. Sabrina Desens (Leipzig)

Luther Labour Law: Robert Pacholski, Thorsten Tilch (both Leipzig)

On behalf of Altro Limited

DLA Piper UK LLP:

Lead Partner Dr. Michael Burg (Corporate, Cologne) and Lead Partner Dr. Dietmar Schulz (Restructuring, Munich), Partner Jan Eltzschig, Senior Associates Timo Betjemann (all Corporate, Cologne) and Silvio McMiken (Corporate, Munich), Associates Maren Beneke, Dr. Simon Boll and Johannes Janning (all Corporate, Cologne)

Senior Associate Oliver Otto (Restructuring, Frankfurt) and Associate Dr. Marius Hommer (Restructuring, Berlin),

Partner Dr. Markus Beaumart (Real Estate, Cologne), Partner Fabien Mühlen (Real Estate, Frankfurt) and Associate Moritz Mursa (Real Estate, Cologne)

Partner Dr. Kai Tumbrägel, Counsel Saskia Lais-Jansen and Senior Associates Doerthe Minde and Dr. Stephanie Rohlfing (all IPT, Cologne)

Counsel Marcus Kamp, Senior Associate Markus Iske and Associate Rodrigo Weihermann (all Employment, Cologne)

Associate Dr. Gregor Schroll (Antitrust law, Cologne)

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