Investment AB Latour has, through its wholly-owned subsidiary Hultafors Group, acquired 80% of the shares in Daan Holding, which is the owner of EMMA Safety Footwear, based in the Netherlands. Hultafors Group is a Swedish manufacturer of hand tools, ladders, workwear and safety shoes. Emma Safety Footwear, a Dutch manufacturer of branded (customized) 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. Emma Safety Footwear hopes that joining forces with Hultafors Group will enable Emma Safety Footwear to strengthen its current market position and will aid in further utilizing the multiple international growth opportunities the company has.
Read the press release of the buyer here.
The Baker McKenzie Amsterdam transactional team that advised Hultafors on the acquisition was led by Florian Fehres and further consisted of Lin Yuen, Casper Henschen, Willem Jan Treuren, Roderick Beudeker, Pauline Bakker, and Maya Boot.