Dieter Kullen is confident that this decision will stand the workforce in good stead for the future and safeguard jobs. By taking this step, his aim was to lay the foundation for a successful successorship arrangement. In the absence of an obvious successorship candidate within the family, the shareholders took the decision that sale of the company was the way forward. Because of the similar corporate structures of the two organizations, Kullen has found an outstanding new owner in the Dutch brush manufacturer. Dieter Kullen, who has successfully steered the company’s fortunes since 1984, will be stepping down as shareholder but will remain at the helm as CEO.
The deal encompasses all producing locations of the company group with the exception of its joint venture in China, which will continue to be owned by the Kullen family. The Kullen company is based in Reutlingen, which is also home to the subsidiary HK-Entgrattechnik GmbH, and is also represented by two subsidiaries in the UK and a sales office in the Czech Republic. The production range encompasses more than 141,000 brush types which are exported to over 74 countries. Over the past year, the Kullen Group generated an annual turnover of 38 million Euro.
Koti – also a family-managed firm active in the brush sector – operates branches in six different locations across Europe. Alongside its parent company in the Netherlands, the manufacturer runs subsidiaries in Germany, Austria, France, the UK and Belgium.
While for Kullen wire brushes, in most cases with metal bodies, form a substantial proportion of the company’s business, the main focus for Koti is on all-plastic brushes in which the basic body and fill are both made of plastic.
“Koti is not a direct competitor for us. The product portfolios of our two companies complement each other ideally”, emphasizes CEO Dieter Kullen, adding: “This merger will create a powerful company group which is on course to expand its leading position in Europe.”
Kullen’s integration into the Koti Group will see the Dutch manufacturer gain an additional workforce of around 560, and take its total turnover to just under 80 million Euro.
“Over the past decades, our mantra has always been reliability and continuity. Nothing is going to change as far as this goes. Our customers and partners will still be able to rely on our broad fund of experience and our expertise just as they have always done”, says Dieter Kullen.
The company will now trade as KULLEN - KOTI GmbH. For more information, follow the links below: