JM Holding GmbH, the parent company of Renolit and RKW, has completed the change of ownership structure win a deal that closed in July. The changes include the redistribution among family owners which became effective on October 1.

The results of the reorganization are that Fischer, Lang and Helms family members acquired all the shares in JM Holding GmbH and therefore also in Renolit, while the Müller and de Alvear family members received 100% of the shares in RKW. As the leadership expected, the necessary approval for the reorganization by the corresponding anti-trust commissions was positive.

“We are happy that we have set Renolit on this important course and completed the generation change for its owners, thereby securing the long-term development of the company within the ownership of the family,” commented Anja Fischer, Christiane Helms and Andreas Lang as the representatives for both shareholder families.

“We are convinced that the new ownership structure offers the best conditions for RKW to take the next steps in its development,” says Hansjakob Müller on behalf of RKW’s shareholder families.

Further details of the transaction, particularly the adjustment value amount, have not been disclosed.

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