Within the scope of the expansion of its portfolio, INDUS Holding AG, based in Bergisch Gladbach, acquired shares of Heitz Group with locations in Melle (Germany), Pusztaszabolcs (Hungary) and Heath (USA).

Transfer Partners was mandated with the complete sales process including the preparation of the transaction-related documents, the research and identification of suitable buyers, the structuring of the due diligence examination and conducting negotiations up to successful completion of the transaction.

Heitz Group produces edge and wrapping veneer made of genuine wood for the furniture and construction industry. The company claims to be one of the world’s largest manufacturers in this segment. The company manufactures its products at its headquarters in Melle and in Pusztaszabolcs, Hungary (50 km south of Budapest), and has a subsidiary in Heath, Ohio, USA. As the edge veneer market is an international market, Heitz currently has an export share of about 70%. In the past fiscal year 2015/16, the Group generated sales revenues of approximately EUR 30 million with its 300 employees.