STARCO divests major part of its aftermarket business to German Bohnenkamp - Clearwater International advises
Clearwater International Denmark acted as financial adviser to the owners of STARCO in the divestment of major parts of its aftermarket business to German Bohnenkamp.
The STARCO Group has been family owned and expanding for more than 55 years. Today, STARCO has more than 700 colleagues, is represented throughout Europe and has an international manufacturing, assembly and distribution setup. The company delivers tyre and wheel solutions for a wide range of applications worldwide to manufacturers and aftermarket customers - from the smallest wheelbarrow tyre to the largest agricultural or industrial wheels. The STARCO Group had a turnover of more than €140m in 2015.
Founded in Osnabrück in 1950, the Bohnenkamp Group is one of Europe’s leading wholesalers and distributors of tyres and wheels for equipment in the agricultural, industrial and earthmoving industries as well as for trucks and trailers. Bohnenkamp AG will take over STARCO's Eastern Group (Russia, The Baltics,Ukraine etc.) and STARCO’s aftermarket business in Scandinavia, Benelux and Germany. With this step, Bohnenkamp will significantly extend its product range in small tyres, and will increase its market for its existing products. At the same time, STARCO will take over Bohnenkamp’s original equipment business in ‘passenger car trailer tyres’ in Germany and Slovakia, thereby significantly strengthening its existing range in this key segment. STARCO will continue their aftermarket business in the UK, France, Poland, Switzerland and South Africa as before.