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OFFICIAL CLOSING OF DETERING GROUP ACQUISITION

Press release 31 July 2020

Acquisition of the Detering Group, a Sanitary, Heating & Plumbing merchant in Germany.

Today BME Group completed the acquisition of the Detering Group, a family-owned Sanitary, Heating & Plumbing (SHAP) merchant operating with 15 branches in Lower Saxony and Bremen, Germany. The intention to acquire this group from the Detering and Dekker families was announced on 1 July, 2020.

The Detering Group’s three brands, Detering, Tebbenjohanns and Rodenburg, complement the BME Group’s existing SHAP business with the Paulsen and Bergmann & Franz brands across Northern and Eastern Germany. With this acquisition, BME Group’s SHAP presence in Germany stretches from the Dutch to the Polish border and it will enable further acquisitions and greenfields. We can now officially welcome our colleagues of the Detering Group to the BME Group and we look forward to the cooperation as part of our SHAP Germany business.