Takeover by Lux Group: luxury kitchen manufacturer Poggenpohl in British hands

The battered kitchen manufacturer Poggenpohl in new hands: The UK's premium kitchen supplier Lux Group will acquire the company together with the German entrep

Takeover by Lux Group: luxury kitchen manufacturer Poggenpohl in British hands

The battered kitchen manufacturer Poggenpohl in new hands: The UK's premium kitchen supplier Lux Group will acquire the company together with the German entrepreneur of the Wolf family in the context of a transferred restructuring, said the preliminary insolvency administrator Manuel Sack on Thursday in Herford. For a price he did not provide information.

Poggenpohl had set in April due to considerable job and revenue declines since the onset of the Corona - pandemic request the opening of insolvency proceedings. The pandemic, the company met in the middle of the commercial tag.

"With The Lux Group, we have won for Poggenpohl a strategic Investor and so the location of Herford secured," said Sack. It is planned to only a moderate level of personal adjustment. The negotiations with the works Council would be held in the coming days. The Premium kitchen manufacturer employees last 270 employees.

The Lux Group knows kitchens. Include your Portfolio, especially in the Anglo-Saxon market known kitchen brands Smallbone, Mark Wilkinson and Brookmans. The Lux Manager Ron Shemesh said in a recent Interview, the aim of the group is to take on well-known brands to bring you with new Marketing, sales and production techniques on success rate.

Updated Date: 19 June 2020, 00:19

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