Restructuring the Ruthmann Group
The sale of the Ruthmann Group to the US Time Manufacturing Company was successfully completed. In this context, a restructuring of the Ruthmann group of companies also took place.
As already reported in mid-February, the Ruthann group of companies was sold to Time Manufacturing Company. Time Manufacturing Company is a global manufacturer of aerial work platforms, which are primarily used in the energy supply, telecommunications, infrastructure and forestry sectors. The acquisition brings together Ruthmann and Versalift, two complementary manufacturers of work and height access equipment. Because of the expanded product range, the customers of both companies can be even better served. It also provides an opportunity to present the Ruthmann brands to a wider global audience.
In the course of this transaction, Ruthmann GmbH & Co. KG and Ruthmann Finance GmbH & Co. KG were merged into Ruthmann Holdings GmbH. As a result the ownership of the assets of Ruthmann GmbH & Co KG and Ruthmann Finance GmbH & Co KG passed to Ruthmann Holdings GmbH by way of universal succession.