Preparations for the World Cup 2018: A football evening with. Fast Forward. Dieter Sieger’s 80th birthday (*May 3, 1938). 08 Sep 2015 OS-PAR Appointment at registration for BR017834 - person authorised to represent, Irving-Swift Charles Edward Stuttgarter Strasse 75 Bietigheim-Bissingen 74321 Germany This document is currently unavailable, a copy can be ordered from the Contact Centre. Telephone +44 (0)303 1234 500.

Deal Announcement

France based Gerflor SAS, a global leader in the production and distribution of flooring, wallcovering and finishes has signed a binding agreement to acquire DLW Flooring GmbH’s (“DLW') linoleum activities. The transaction includes the takeover of the production facility and workforce in Delmenhorst (Germany) as well as part of DLW’s sales force and support functions in Bietigheim-Bissingen.

In March 2017, Hans-Norbert Topp was appointed CRO and CEO of DLW. Since then, the Company was undergoing an extensive restructuring and given a liquidity shortage, management filed for insolvency under self-administration in accordance with §270a InsO ('vorläufige Eigenverwaltung') in October 2017. goetzpartners acted as the exclusive financial advisor to the self-administration and has successfully managed the complex asset disposal process.

“We are happy that even under difficult circumstances we are able to save the company and over 320 employees of DLW,” says CRO and CEO Hans-Norbert Topp. “Furthermore, with Gerflor, after years of uncertainty, the linoleum activities in Delmenhorst have an experienced and financially strong investor for future long term growth and success.”

The Transaction is subject to customary regulatory approval from the German and Austrian antitrust authorities and is expected to close in March 2018.

ABOUT DLW FLOORING GMBH

Founded in 1863, DLW is a manufacturer and distributer for high-quality resilient flooring solutions including linoleum, vinyl & LVT, fibrebonded and pool and pond liners. DLW's linoleum production site in Delmenhorst is one of four facilities worldwide and the only one in Germany. DLW distributes its products globally and generated revenues of c. €130m in 2016.

GOETZPARTNERS TEAM

Dr. Thomas Sittel
Partner
Email

Ivo Polten
Managing Director
Email

Matthias Stötter
Associate Director
Email

Philipp Hartelt
Associate

Naima Deuter
Analyst

Christian Propst
Analyst

Vincent Buchholz
Associate Consultant

Marc Fischer
Associate Consultant