Accompanied by Zerbach & Company Corporate Finance GmbH ("Z&C"), the shareholders of KÖNIG + CO. GmbH ("KÖNIG + CO.") have sold their shares to HBH Holdings, Inc. based in Cincinnati, USA, to secure the company succession in the long-term.
The family-owned KÖNIG + CO. is a globally renowned manufacturer of vessel heads, cones and special pressed parts with almost 100 years of company history.
KÖNIG + CO. will remain an independent entity under the existing name at the two locations in Netphen and Haiger. All jobs are secured as part of the transaction. The König family will remain closely associated with the company in the future.
The acquisition of KÖNIG + CO. is an important strategic step for HBH Holdings Inc. on its way to becoming one of the world's leading manufacturers of vessel heads.
Scott Anderson, President of HBH Holdings, Inc. commented, "We are very pleased to welcome the team from KÖNIG + CO. GmbH to the HBH group of companies and to expand our global market position through this collaboration."
"Together, we are shaping a future defined by growth, continuity, and innovation for our customers, employees, and partners." says Jochen König.
