Ashurst advised ALNO AG on the sale of its subsidiary Impuls Küchen GmbH, Brilon, to Steinhoff Möbel Holding GmbH, Brunn am Gebirge, Austria. The purchase price has not been disclosed.

With this transaction, ALNO AG has taken the next step in its strategic realignment.

The Ashurst-Team was led by Frankfurt corporate counsel Dr Gerrit Clasen and Martina Rothe. Counsel Dr Anna-Katharina Lohbeck advised on post-contractual service agreements.

Ashurst advises ALNO AG regularly in connection with transactions, on capital measures and shareholders' meetings as well as on general corporate law issues. In April 2015, Ashurst advised the kitchen manufacturer on the attraction of another anchor shareholder, Chinese company Nature Home Holding Company Limited.

ALNO AG is one of Germany's leading kitchen manufacturers, with a staff of around 2,100 employees. In financial year 2014, the company recorded a group revenue of around €546 million.