Luther advises Vorwerk & Co. KG on the management buy-out of Vorwerk Teppichwerke

Over the past few years, the Vorwerk Group has succeeded in growing continuously in an ever faster changing world and establishing itself as an innovative company. This success is based on a long-term future and growth strategy that is secured by considerable investment in digitalisation and innovation.

In order to strengthen the focus associated with the growth strategy, the Vorwerk Group has accepted an offer from a management team at Vorwerk Flooring to run Vorwerk Teppichwerke as an independent company outside the Vorwerk group at the Hamelin location in future. The Vorwerk Group will support the development of the business including the licensing of the Vorwerk brand and will make its contribution to the continued existence of the plant.

The final closing of the transaction will take place separately.

On behalf of Vorwerk:

Vorwerk & Co. KG, Group Legal: Daniela Paul, Hannes Köblitz

Luther, Corporate Law: Dr Arndt Begemann (Partner/Lead), Dr Michael Bormann (Partner/Lead), Conrad Waleczek (Associate)

Luther, IP Law: Dr Maximilian Dorndorf (Partner)

Luther, Employment Law: Klaus Thönißen, LL.M. (Partner)

Luther, Capital Markets, Banking & Finance: Nadine Bourgeois, CCT (VdT) (Partner)

Luther, Restructuring and Insolvency: Dr Philipp Honisch (Senior Associate)

Representatives of Management-Buy-Out-Team:

BrinkmannWeinkauf (Hanover): Dr Nikolas von Wrangell, Julia Blaue, Christian Heicke