IMAP advises Trumpler Group on the acquisition of Langro-Chemie
Mannheim — The Trumpler Group, based in Worms, Germany, has signed an acquisition agreement with Langro-Chemie Theo Lang GmbH in Stuttgart. The globally present specialist for leather chemicals plans to fully acquire the activities of Langro-Chemie as well as all employees as of January 1, 2019. Together with Langro-Chemie, the Trumpler Group will further expand its product range and presence in the global leather processing market, while the Langro-Chemie brand will be continued.
Thus, two family-owned companies rich in tradition are joining forces: In June 2018, Trumpler celebrated its 150th anniversary, while Langro-Chemie, for its part, has more than 85 years of experience in leather finishing. Trumpler is a global supplier of chemical products for the leather and paper industry with subsidiaries in Spain, China, Italy, France, Brazil and Mexico. The Group offers the leather market an extensive range of tree house products, fatliquors and dyes, as well as auxiliaries and dyes for paper.
Together with Langro-Chemie, which also has an international presence, the Trumpler Group generates sales of around 120 million euros and employs around 380 people.
Hein Vugs and Joachim Müller-Damerau, Managing Directors of Trumpler, comment on the development into a system provider: “This merger is a unique opportunity for us to strengthen our position in finishing and to continue to offer our customers high-quality technical solutions for this in the future.”
An IMAP team led by Peter A. Koch (Partner), Christoph Gluschke (Director) and Philipp Noack (Associate) advised the Trumpler Group on this acquisition.
Founded in 1973, IMAP is one of the most experienced and largest Mergers & Acquisitions organizations in the world with offices in 35 countries. More than 450 M&A advisors in international sector teams specialize in corporate sales, cross-border acquisitions and strategic financing issues. Its clients are primarily family-owned companies from the midmarket, but also include large national and international corporations as well as financial investors, family offices and institutional investors. Worldwide, IMAP accompanies about 200 transactions per year with a total volume of more than USD 10 billion.