Takeover by strategic investor Jomoo completed
Ralf Marohn appointed as new managing director at Poggenpohl
Herford, 25. August 2020. The future of the oldest kitchen brand in the world is secured: the takeover by the strategic investor Jomoo Germany, subsidiary of the Chinese Jomoo Group, is completed as planned. All contractual conditions have been fulfilled, so that the economic transition will take place on 1 September, 2020.
"Poggenpohl will remain a German kitchen brand with production in Herford that stands for sophisticated, modern design as well as high quality and reliability. Our customers can continue to rely on the high brand promise. The jobs in Herford will be retained and the entire team of employees will return Poggenpohl to its old glory and strength," the newly appointed managing director Ralf Marohn (53) told the Poggenpohl team. The experienced manager has been active as an entrepreneur for 28 years, and since 2014 he has been in charge of the kitchen manufacturer RWK & Kuhlmann Küchen GmbH in Löhne/Germany, which was taken over after insolvency proceedings. During this time, Ralf Marohn has successfully restructured and expanded RWK & Kuhlmann Küchen.
Marohn expressed special thanks to the previous Poggenpohl managing director Gernot Mang for his successful coordination during the transition. He also thanked the insolvency administrator Manuel Sack for his professional management of the company during the insolvency proceedings.
Attorney Manuel Sack, a partner in the nationwide law firm Brinkmann & Partner, said: "Together with Gernot Mang, I successfully continued operations during the insolvency proceedings, and production continued to run stably on all working days. My sincere thanks go to the customers, suppliers and employees for this. By putting their trust in a good solution for the future of this unique company they have actively supported Poggenpohl."
Ralf Marohn also paid tribute to the high degree of trust and loyalty that customers place in the Poggenpohl brand and its team. The employees in particular have been under enormous pressure since the beginning of the insolvency proceedings. "We are delighted that our customers continue to support Poggenpohl. This shows the close bond and firm belief in what Poggenpohl represents – both historically and in the future", he stated.
Poggenpohl will continue to focus strongly on product design and product innovation. The further development of regional markets both in continental Europe and overseas, such as the USA, China, India and the Middle East, will be a focus of investment. The network of existing branches and dealers will be further expanded to guarantee the high quality of Poggenpohl products and the best B2B customer service.
Poggenpohl was and is a pioneer: we have been developing, designing and producing premium and luxury kitchens at our premises in Herford for more than 125 years. The benchmarks for us are always people and their needs, social change and looking towards the future. Our kitchens are characterized by trendsetting designs, technical expertise, high-quality materials and excellent craftsmanship. 400 Poggenpohl Studios all over the world offer first-class consulting and design expertise with the aim of turning customers' ideas into "their" perfect kitchen.
Jomoo is 100% private owned with headquarter located in Xiamen, Fujian Province on the South East coast of China. The Group has manufacturing footprints in strategic locations in China, a total workforce of 14,500 and annual sales volume reaching 1.7 billion euro. In the 30-year history of Jomoo, the Group has sole focus in the research & development, manufacturing and distribution of bath and kitchen ware, related metal ware, cabinets and furniture. Today, the Group has also expanded its range to include health and living space line of products including water and air filtering systems, wardrobes and lockers in providing a full suite product offering to customers. Jomoo's philosophy and objective is to improve people's living quality and experience through continuous product innovation and services.
Jomoo is regarded the market leader in the Chinese bath and kitchen ware industry and in the area of Home Living. It owns a solid national network of 5,000 distributors and close to 4,000 shops and showrooms in all regions and cities across China. Our international presence has also been growing significantly with increasing exports to key customers in North America, Europe, Asia and the Middle East and offices set up in different regions including Munich, Germany. The Group embarks an ambitious growth plan both domestically and internationally through continuous product, brand, market and channel differentiation.
Apart from being named the National Brand in the Chinese bath and kitchen ware industry, Jomoo is also honored as the most valuable sanitary brand for 8 consecutive years by world esteemed brand laboratories. Jomoo is proud to be selected the exclusive supplier to the Chinese National Olympic Stadium and the newly commissioned Beijing Daxing International Airport. Amongst others, the brand is also a key sponsor to the 2022 Winter Olympic Games.
Jomoo has also a high emphasis on social responsibility with annual donations made to schools and the aged community to elevate their sanitary and living standards. Speedy products and services are also extended to emergency situations like earthquakes with notable support to the world-famous Xiao Tong Shan epidemic medical facility completed in Hubei, China recently. Jomoo is also investing to improve the environment through new material utilization, green manufacturing processes and facilities.
About Brinkmann & Partner:
Lawyer/specialist lawyer for insolvency law Manuel Sack has been working as an insolvency administrator/professional trustee for more than 20 years and has a lot of experience in corporate restructuring in insolvency. His proceedings and restructuring successes include the HEROS group of companies with almost 5,000 employees, the Dailycer Group, Arbeiterwohlfahrt Gesundheitsdienste gGmbH and, most recently, Peiner Umformtechnik GmbH and numerous other companies.
Brinkmann & Partner was founded in Hamburg in 1980 and is today represented in 30 branches with about 270 employees in all economic centers of Germany. Special emphasis is placed on the personal support of clients on site by a partner and his team. Thanks to its entrepreneurial approach, Brinkmann & Partner has gained a leading reputation in the restructuring of companies and is one of the largest German insolvency administration firms with over 20 administrators.
Press contact Poggenpohl:
Marketing & PR
Phone(+49) 5221 / 381-331
Press contact Manuel Sack:
Schellenberg & Kirchberg PR
Phone (+49) 40 / 593 50 500