Hellmann becomes sole shareholder of Hellmann East Europe
International full-service logistics provider Hellmann Worldwide Logistics has signed a purchase agreement to acquire all shares in Hellmann East Europe GmbH & Co. KG (HEE). Through the purchase of the shares, which were held by the managing directors Patrick Nathe and Michael Mihm and amounted to 49 percent, Hellmann will become the sole shareholder in HEE. This strategic acquisition represents another step in laying the foundation for a sustainable expansion of Hellmann’s operations across all product areas in the nine Eastern European countries in which HEE maintains its own locations.
"The Eastern European market is of great strategic importance to us, and we are pleased that the acquisition of all shares in HEE will enable us to further expand our market position together with Patrick Nathe as Managing Director and his team," says Reiner Heiken, Chief Executive Officer, Hellmann Worldwide Logistics. After 40 years Michael Mihm departs the industry and thus leaves the management of HEE.