CFI advised Hermann Bühler on the sale of Bühler Quality Yarns Corp. to Samil Spinning Co.
Zurich – As of 20th March 2017, Switzerland-based Hermann Bühler AG, has successfully completed the sale of its US subsidiary Buhler Quality Yarns Corp. to South Korean Samil Spinning Co., Ltd. The transaction was structured as an 100% all-cash share-deal. Both companies have agreed not to disclose details of the transaction.
For Samil Spinning Co., Buhler Quality Yarns Corp. is a highly valuable strategic addition to broaden its global footprint, further establish its business in the US market and increase their client portfolio characterized by well-known companies in North and Central American markets. It is Samil’s intention to build on Buhler Quality Yarns’ full product portfolio through targeted investments at Buhler’s manufacturing facility.
As one of the main players in the North American yarn market and with a well-established international distribution network, Buhler Quality Yarns will provide Samil Spinning a Western Hemisphere manufacturing base through its spinning facility in Jefferson, Georgia.
The transaction was closed on 30 April 2017.
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