BDO AG Wirtschaftsprüfungsgesellschaft and BDO Legal Rechtsanwaltsgesellschaft mbH have provided comprehensive advice to Ewald Dörken AG, based in Herdecke, on the acquisition of the Wischemann Group. The purchase of 100 per cent of the company shares will take effect retroactively as of 1 January 2021. The Wischemann Group consists of Wischemann Kunststoff GmbH, VACU-FORM Wischemann GmbH & Co. KG and Wi-sales GmbH, as well as 30 per cent of the shares in HeWi-Engineering GmbH.
The Wischemann Group will be run as an independent organisation within the Dörken Group. There will be no changes for the 300 employees at the Ochtrup and Salzbergen sites. Ingo Wischemann will withdraw from the management, but he and the entire Wischemann family will support the new management during the transition period.
The BDO team advised Ewald Dörken AG as exclusive transaction advisor across all M&A process phases with an interdisciplinary team at all levels: M&A strategy, M&A and financing advice, due diligence (commercial, financial, tax, legal, technical, environmental, tech compliance, HR, EEG), tax structuring, financial modelling, purchase contract preparation and negotiations were the main components of the advisory services.
The Dörken Group, headquartered in Herdecke, is a leading developer and manufacturer of membranes for wind and moisture protection in pitched roofs, as well as foundation wall protection and sealing solutions for components in contact with the ground (Dörken Membranes), and high-performance solutions for corrosion and surface protection, for decorative design and for tinting technology (Dörken Coatings). With the acquisition of the Wischemann Group, a new centre of excellence for plastic moulded parts is established under the umbrella of Ewald Dörken AG.
The Wischemann Group, with locations in Ochtrup and Salzbergen, is one of the most important plastic specialists for innovative thermoformed parts and deep-drawing processes and is established in rapidly growing segments. The deep-drawn products are used as sheets and rolls in a wide variety of construction applications, but also as packaging or as components in automotive manufacturing. These are areas of expertise that ideally complement the product portfolio of Ewald Dörken AG.