BELGRAVIA & CO., an international and independent M&A and Corporate Finance advisory firm with offices in Cologne and New York City, exclusively advised HENKEL AG & CO. KGaA („HENKEL“, www.henkel.com), on the divestment of the Spanish hand dish wash brand “MISTOL” including the associated business.
“MISTOL”, a brand with a heritage of over 60 years, was sold to Spanish QUIMICAS ORO, S.A.U. (www.quimicasoro.com), a subsidiary of French ALTAÏR Group (www.groupe-altair.com), by way of an asset deal. MISTOL is the second largest brand in the Spanish hand dish wash market.
The ALTAÏR Group is a leading provider of cleaning and renovation products. QUIMICAS ORO is specialized in manufacturing household products and chemicals in the field of surface cleaning, air freshening, laundry and insect protection. The acquisition of MISTOL enables QUIMICAS ORO to further expand its product portfolio in its core market Spain.
The parties have agreed not to disclose the purchase price.
BELGRAVIA & CO. acted as exclusive financial advisor to HENKEL on this transaction. The team of BELGRAVIA & CO. consisted of Dr. Hans Christian Zanders and Dr. Björn Röper (bother Partners) as well as Meltem Aktürk (Executive).