Announced

Vierhaus to acquire Neue Alno from RiverRock.

Synopsis

Vierhaus, a provider of custom-made solutions, agreed to acquire Neue Alno, a German kitchen manufacturer, from RiverRock, a privately-owned alternative investment management company. Financial terms were not disclosed. “Under great time pressure, we managed to provide the financial resources required for a transfer company. The transfer company will open up new opportunities on the job market for employees in the coming months through appropriate employment and qualification measures. The offer met with great approval among the workforce - over 95 percent of the workforce have already accepted it and have declared their move to the transfer company,"

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