- CFC acquires delmod with an annual turnover of approx. 57 million
- Largest transaction in CFC’s history
- Leading manufacturer of ladies’ apparel will be led back towards growth
CFC Industriebeteiligungen GmbH &Co. KGaA (ISIN: DE000A0LBKW6), Dortmund, today has acquired 84.8 % of delmod international Bekleidungsindustrie GmbH & Co. Hanse-Kleidung KG for an undisclosed purchase price. The previous shareholders of the company have decided to retire from their business. The other shares are held by the Managing Director Michael Starke.
Delmod is among the leading textile manufacturers and local fashion companies in Germany. The company distributes exclusive classic ladies’ wear under the brands “delmod” and “Kim Kara”. Except an own production, delmod is covering the entire value chain, from design, quality management, logistics, to marketing and distribution.
The company is headquartered in Delmenhorst, which is located close to Bremen. In the previous financial year ending March 31st 2007, delmod realized with approximately 200 employees an annual turnover of roughly € 56.9 million. By optimizing the sourcing-processes and by implementing changes in the distribution strategy, CFC is striving to leading delmod back on a profitable growth track in the near future. In this process the well-established brand name and the high quality products are considered being the best premises.
In the history of CFC, delmod has been its largest transaction so far. Following the acquisition of delmod, CFC’s annualized consolidated revenues will rise to more than € 150 million.
CFC Industriebeteiligungen GmbH & Co. KGaA
Dr. Frank J. Nellißen
Tel: + 49 (0) 231 952 53 73