Powder coater Erke & Nirenberg GmbH & Co. KG is taken over by HOF Coating GmbH & Co KG

Erke & Nirenberg GmbH & Co. KG (hereinafter referred to as "E&N") offers its customers high-quality coatings of a wide variety of surface geometries, with different RAL and special colors such as NCS colors being part of the coating portfolio offered. A fully automatic spray pretreatment system, adapted to the workpiece substrate and the desired quality requirement, forms the basis for realizing individual customer wishes.

www.erke-und-nirenberg.de

On October 28, 2022, the management of E&N filed an application for the opening of insolvency proceedings with the Münster District Court. The court appointed attorney Stephan Michels of MICHELS Vorast Insolvenzverwaltung GbR as provisional insolvency administrator. The proceedings were opened by the court on 01.01.2023.

The management mandated the team of CVM Capital Value Management GmbH around Managing Partner Kai Peppmeier to conduct a structured M&A process.  In close cooperation with the parties to the proceedings, CVM succeeded in carrying out a successful transaction in the form of a transferring reorganization (asset deal). 

Team CVM: Kai Peppmeier (Managing Partner), Oliver Lewin (Project Manager)

The acquirer is H.O.F. Coating GmbH & Co. KG. The purchaser is the result of a strategic cooperation (joint venture) between H.O.F. Alutec Metallverarbeitungs GmbH & Co. KG and Hillebrandt GmbH.

H.O.F. Alutec Metallverarbeitungs GmbH & Co. KG is located in Mettingen, employs about 30 people and offers standard services in the fields of event technology, aluminum trusses, lighting technology, studio equipment as well as trade fair construction on the one hand, and individually tailored customer solutions in the fields of aluminum construction and steel construction for demanding fixed installations as well as events, shows and tours on the other hand.

www.h-of.de

Hillebrandt GmbH has two business segments, steel construction and tank construction. The range of services in the field of steel construction includes the development, design, manufacture and assembly of steel structures for facade construction, technical building equipment and the creation of textile facades for new construction projects as well as for the renovation of existing buildings. In the field of container construction, Hillebrandt GmbH manufactures series products for international customers as well as individually developed solutions for the collection and transport of recyclable materials and hazardous goods. The company has its branch office in Greven and employs about 100 people.

www.hillebrandt-gmbh.de

MICHELS Vorast Insolvenzverwaltung GbR is a medium-sized business law firm with regional roots. In addition to its main offices in Münster and Cologne, the firm is represented in eight other cities. Its clients range from large companies to freelancers and natural persons.

www.michels-inso.de

Capital Value Management GmbH ("CVM") is a transaction advisory firm and an independent corporate finance consultancy for companies in special, transitional and restructuring situations. The focus is on supporting transactions of medium-sized companies from industry, trade and services with a sales volume between € 10 and 250 million. CVM designs, accompanies and coordinates the entire M&A process in close cooperation with the client's tax and legal advisors.

www.cvm-gmbh.de 

Erke & Nirenberg GmbH & Co. KG (hereinafter referred to as "E&N") offers its customers high-quality coatings of a wide variety of surface geometries, with different RAL and special colors such as NCS colors being part of the coating portfolio offered. A fully automatic spray pretreatment system, adapted to the workpiece substrate and the desired quality requirement, forms the basis for realizing individual customer wishes.

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