As part of the merger, Vermögensverwaltungsgesellschaft Hautau GmbH & Co. KG sold 75 percent of the shares in Hautau GmbH to Mayer & Co group and continues to hold a 25 percent interest in Hautau. With the partnership, both family-owned companies are expanding their program allowing them to serve their customers even better in the future. Management and contacts for customers of both companies will remain unchanged. It is also planned to keep the companies’ independent market presence. The Hautau shareholders were legally advised on the transaction by a Heuking team led by Munich-based M&A partner Boris Dürr.
Hautau GmbH, headquartered in Helpsen, Lower Saxony, is a leading company for hardware technology and building automation for windows specializing in system solutions for high-quality sliding elements and window automation. Founded in 1910, the company has been owned by the Hautau family for four generations. With more than 300 employees, it generates sales of some EUR 50 million.
Salzburg-based Mayer & Co group also produces quality fittings for windows, doors, and sliding elements. The company employs around 2,300 people in three Austrian production plants, two assembly plants in Poland and Russia, and in 15 international sales offices, generating sales in excess of EUR 250 million.
Counsel to Vermögensverwaltungsgesellschaft Hautau GmbH & Co. KG
Heuking Kühn Lüer Wojtek:
Boris Dürr (Lead, M&A)
Daniela Szczesny (M&A/Corporate)
Christian Schild (M&A/Corporate)
Dr. Carsten Schrader (Real Estate)
Dr. Reinhard Siegert (Antitrust)
Astrid Wellhöner, LL.M. Eur. (Employment)
Peter M. Schäffler (Tax)
Dr. Ruth Schneider (Antitrust/Competition), all Munich