Oaklins supports shareholders of Emma Safety Footwear in its sale of a majority stake to Hultafors Group
Oaklins announces that Hultafors, wholly-owned by Swedish listed investment company Investment Latour, acquires an 80 percent stake in Emma Safety Footwear. Hultafors will gradually acquire 100 percent ownership by 2023.
Oaklins’ team in the Netherlands acted as exclusive M&A advisor to the shareholders of Daan Holding B.V., the Netherlands-based shareholder of Emma Safety Footwear.
Emma Safety Footwear is the Benelux market leader in manufacturing (customized) premium quality branded safety footwear and adjacent accessories for a range of industries, including logistics, oil & gas, chemical and construction. In addition, it offers third-party safety shoe manufacturing services in its own assembly plant and offers design, development & supply chain services to third parties. The company is headquartered in Kerkrade, the Netherlands, and has more than 100 employees.
One of the biggest benefits of working with Oaklins is that you get to work with passionate and hard-working people who love what they do and work collaboratively to achieve the best result possibleTOM HERMANS, CEO EMMA SAFETY FOOTWEAR
Joining forces with Hultafors will enable Emma to strengthen its current market position and to further utilize the multiple attractive international growth opportunities the company has. For Hultafors, the acquisition follows a strategy to strengthen its position within personal protective equipment (PPE) in Europe and North America. “Hultafors Group will be an excellent company for Emma Safety Footwear to partner with given its strong presence across Europe and North America which will serve as a perfect foundation in taking the current business of Emma Safety Footwear to the next level.”, says Tom Hermans, CEO of Emma Safety Footwear.
About the buyer
Investment Latour is a mixed investment company listed on the Nasdaq OMX Stockholm since 1985. The company invests long-term in companies that have their own products and brands with growth potential that support global megatrends. Its subsidiary Hultafors is a leading Scandinavian manufacturer of branded hand tools, ladders, workwear and safety shoes. Brands include Snickers Workwear, Hultafors, Wibe Ladders, Solid Gear, Dunderdon, Toe Guard, Hellberg Safety and Johnson Level. The company is headquartered in Gothenburg, Sweden, and has more than 800 employees.
Deal team
Oaklins provides independent corporate finance advice to companies in the mid-market, with dedicated industry teams in 45 countries worldwide. Our specialists in all sectors of the consumer and retail segment make a difference for clients by taking a global view and leveraging our deep local connections.
Oaklins' team in the Netherlands represented the shareholders of Emma Safety Footwear. The transaction team consisted of Adse de Kock, Marc van de Put, Silke Kranz and Nicole Zomerhuis. Oaklins’ Swedish team introduced the buyer. Financial deal terms are not disclosed.
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