Billionaire German brothers Andreas and Thomas Struengmann have agreed to acquire Schuelke & Mayr GmbH, the maker of hand sanitizer owned by EQT AB.
The sale to a consortium led by the Struengmanns’ family office, Athos Service, was announced in a statement on Monday that confirmed an earlier Bloomberg News report.
Financial details were not disclosed. The deal values Schuelke at about €1.4 billion ($1.5 billion), people with knowledge of the matter said, asking not to be identified discussing confidential information.
Read the full story on Bloomberg here.