ALFER Beteiligungs GmbH and its subsidiary alfer element system GmbH are pleased to announce the conclusion of the purchase and transfer agreement for the takeover of the business operations of DIY Element System GmbH (DIY). Following the acquisition of the alfer Group by SOL Capital Management GmbH (SOL) at the beginning of the year, this is the next step in further expanding the already strong market position in the DIY segment. The purchase and transfer agreement between all parties was signed on October 14, 2024. The transfer of business operations took place on November 1, 2024, following the fulfillment of all closing conditions. The acquisition by the alfer Group will allow DIY’s business activities to continue seamlessly. The parties are very satisfied with the outcome of the negotiations. With the alfer Group, DIY has found a strong shareholder who sees the takeover of DIY as the next strategic step in the expansion of the alfer Group.
Martin Blatter, Managing Director of alfer aluminium GmbH and future Managing Director of alfer element system GmbH, is delighted: “DIY ideally complements the alfer Group’s existing portfolio, allowing us to further expand our product range and tailor our offering even more specifically to the needs of our customers. Together, we are excellently positioned to further expand our market leadership in our core segments and grow successfully in the long term.”
“The acquisition of DIY is a strategic milestone for the alfer Group and fits in perfectly with our growth plans. By combining the strengths of both companies, we can leverage significant synergies and further strengthen our market position,” adds SOL Managing Partner Haiko Stüting.