ARIX S.P.A. TAKE OVER CORONET GERMANY COMPANY

06/03/2014

ARIX S.P.A. TAKE OVER CORONET GERMANY COMPANY
ARIX SpA, a leading company in the Italian market of household cleaning tools and professional cleaning, announced that on June 1st, 2014, was finalized the acquisition of Coronet Germany GmbH.


The transaction also includes the taking-over of Coronet subsidiaries Coronet Austria Gmbh and Coronet Polska sp. z oo, and represents an important and strategic step in the internationalization process started by ARIX in recent years.
 
Four years after the acquisition of Tonkita business unit and brand, ARIX SpA undertake a courageous and far-seeing business decision in an uncertain economic scenario, with an internal market still feeble and surrounded by dynamic economies with high growth rates.
 
The basis for this decision is the objective of developing and consolidating a position in the continental market, starting from Germany, the European most important economy, in order to cover after that the entire EU: a European context more and more united expression of more than 700 M people, with potential still to be developed.

Coronet Germany GmbH, founded in 1920 in Sprockhovel in the North Rhine-Westphalia Land, is a historical German reality in the field of house cleaning tools, its brand in Germany and central Europe is second to fame only to Vileda: its core business consist of tools and equipment for house cleaning, brooms and brushes, as well as accessories for the care of clothing and home furnishings. In 2005 Coronet GmbH was taken over by Noelle group GmbH & Co. KG., and then acquired in 2011 by Nespoli Group, which therefore has held control up to today's events.
 
Coronet Germany GmbH and Coronet Austria Gmbh will maintain operational and managerial autonomy, under the supervision of ARIX Spa. Coronet Polska sp. z oo, will be soon merged through acquisition to ARIX Polska sp. z oo.

Four years after the acquisition of Tonkita business unit and brand, ARIX SpA undertake a courageous and far-seeing business decision in an uncertain economic scenario, with an internal market still feeble and surrounded by dynamic economies with high growth rates.
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