Clearwater International advises Kettler on sale of its bicycle division to ZEG
Clearwater International acted as sole financial adviser to Heinz Kettler GmbH & Co. KG on the sale of its assets of the bicycle division to ZEG Zweirad-Einkaufs-Genossenschaft eG.
Heinz Kettler GmbH & Co. KG is a family owned business headquartered in Ense-Parsit, Germany. The company is engaged in the production and sale of high-quality fitness & sports equipment, leisure & garden furniture and toys for children. Kettler Bike, with production facilities in Hanweiler, Germany is specialised in the production of aluminium bicycles and e-bikes. The company has a tradition of supplying customers with innovative, high quality products “made in Germany”.
ZEG is a network of 960 independent bicycle dealerships in Germany. The company, headquarted in Cologne, was established in 1966. Its portfolio includes well-known brand Hercules. In cooperation with leading manufacturers, ZEG develops special models with renowned brands like Pegasus, Bulls, Green Mover and ZEMO.