Köttermann Finds an Investor and Strong Strategic Partner
The investor process of the Köttermann Group, as specialist for laboratory equipment “Made in Germany”, has been successfully completed. The insolvency administrator Dr. Christian Willmer from the law firm Willmerköster and the Block Group, an international leader in clean room solutions, have agreed on the takeover. A corresponding purchase agreement was signed. This implies the continued employment of 120 employees at the German headquarters. Financial details of the transaction were not disclosed. In collaboration with workers´ council and unions a transfer company was set up. The employees without continued employment for Köttermann were transferred to an interim employment company.
On August 21, 2018 Köttermann applied for a reorganization procedure in self-administration. The M&A process started in September 2018. The insolvency proceedings were officially opened on December 1, 2018.
The Block Group was founded 1991 in the Czech Republic and today is an international successful group of companies with more than 400 employees in seven countries. The group focuses on turn-key delivery of clean room facilities of the highest standard and addresses customers in Pharmaceutics, Biotechnology, Medical devices, Healthcare, Microelectronics and R&D. In house activities of the Group include design, engineering, delivery, validation and service of clean rooms. With this acquisition Block Group extends its product range of clean rooms, isolators, process and healthcare technologies with fume cupboards, laboratory furniture, service supply systems and safety storage cabinets made from steel.