ACQUISITION OF HEWA LEDER GMBH

September 17, 2019

COINDU Group is since July 1st also a supplier of leather by the acquisition of 51% of the HEWA Leder GmbH in Germany. One supplier for the whole process from Leather till cutting and sewing. Hewa Leder is a family owned tannery founded in 1984 and generates with 170 employees in two facilities (Bavaria and Saxony) a turnover of EUR 29 Mio per year. Marcus Adelmann and his team has conquered a position as top premium leather supplier. We ware proud of welcoming this team in the COINDU Group and look forward to a successful shared coorporation. Customers are wordwide brands with highest requirements to the leater. For Rolls Royce Hewa Leder is the exclusive supplier. BMW top models like M Sport, Individuals and i-models appreciate the quality and individuality of the HEWA Leder products. Car tuners, yacht and furniture producers from different countries all over the world belong the clientele. In future the capacities of HEWA Leder will grow and following two ways: The premium and the mid-range market.