Armal has sold via an asset deal MLM's business unit to HERZ-Armaturen Ges.m.b.H.
Mariborska Livarna Maribor d.d. has sold via an asset deal one part of the business unit Armal to HERZ-Armaturen Ges.m.b.H. (HERZ) for an undisclosed consideration. The trademark Armal was explicitly not subject to this transaction.
Armal produces and distributes modern tap fittings for kitchen and bathroom appliances, including electronic sensor taps, shower heads and various fittings and accessories. The company has a strong presence in the SEE markets and benefits from a high brand recognition in the former Yugoslavia region.
Headquartered in Austria and with approximately 2,400 employees in 24 production facilities worldwide, HERZ is one of the leading European manufacturers of valves, fittings, circuit regulating valves, dynamic control fittings and thermostatic valves for domestic installations for heating, air conditioning, sanitary and gas appliances. In addition, HERZ is one of the leading producers of biomass boilers and manufacturers of heat pumps.
Located in Slovenia, Mariborska Livarna Maribor manufactures die-castings from aluminium alloys and forgings from brass. The company's main products include tools, die-casting parts with machining, forged semi products out of copper alloys and the production of aluminium radiators. The company serves customers in the automotive and electrical industry.
Oaklins' team in Austria advised the seller in this transaction.
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