Perfumery Douglas has acquired Perfumery Himmer
Frankfurt, 13 January 2015. Effective per 1st January 2015, Perfumery Douglas has acquired the Munich based Perfumery Himmer through its subsidiary HELA. The purchase price was not disclosed.
The owner-managed Perfumery Himmer, operated in the third generation, has been run by the family for more than 50 years. Currently, the perfumery operates five stores in the greater Munich area as well as an online store. Aside from the company’s main branch in Munich (Passauer Straße), Himmer perfumeries are also located in Ottobrunn, Freising, Fürstenfeldbruck and Grafing. The company employs about 40 people and has annual sales in the mid-single-digit million Euro range.
Similar to HELA, Himmers’ strategy focuses on attractive prices, while offering expert advice as well as individual services.
“The Perfumery Himmer, with its long heritage, is a perfect complement to our existing HELA-Perfumeries. Together with Himmer we can expand our market-leading position in the value-oriented perfumery segment in the Munich area. Additionally, the acquisition will allow us to benefit from the Himmer family’s extensive expertise while gaining highly qualified employees.”
– Dr. Kreke, Chairman of the Board
Douglas will take over all employees of Perfumery Himmer with Marco Himmer continuing in a management position in the HELA / Himmer Group.
Douglas Holding AG was advised by Acxit Capital Management, which is now part of ACXIT Capital Partners.
About ACXIT
ACXIT Capital Partners is a leading independent corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, ACXIT offers its clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, equity/debt and strategic advisory. As an independent, privately owned firm we maintain offices and representations in Frankfurt, Berlin, Munich, Leipzig, Zurich, Hong Kong and New York, as well as strong alliances in France, China and India. (www.acxit.com)
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