Today marks completion of the sale of the stake in Herlitz AG, formerly held by Stationery Products S.à r.l., run by the Private Equity Funds of Advent International Corp, to Pelikan International Corporation Berhad in Malaysia.
The deal paves the way for a strategic collaboration of two of the internationally leading PBS brands.
The companies involved welcome the deal and emphasise how well the two business partners strategically complement each other.
“A strong player in the European PBS market has been created by this deal. We are extremely pleased to have taken this crucial step. Collaborating with Pelikan will most certainly open up new business opportunities and provide potential for international growth,” comments Jan von Schuckmann, Herlitz AG CEO.
The transaction was made possible by the acquisition of Herlitz by Advent In-ternational and Herlitz’s successful efforts to reorganise its business. After putting this former phase behind it, Herlitz is now looking forward to the new opportunities for further development that the strategic collaboration with Pelikan will bring.