ADCURAM ACQUIRES CONTROLING STAKE IN LUXURY KITCHEN MANUFACTURER POGGENPOHL
Munich-based industrial holding ADCURAM Group AG acquires 98.57% of Poggenpohl Möbelwerke GmbH, based in Herford (Northrhine-Westphalia). The purchase agreement with the majority shareholder, Swedish listed Nobia AB, was signed on 19 December 2016.
"We are pleased to have an experienced and renowned investor by our side in the form of ADCURAM Group AG. Together we want to further develop the brand Poggenpohl and to accelerate the growth of our business", explains Patrick Heinen, Managing Director of Poggenpohl.
Further information in the ADCURAM Group AG press release.