Hamburg, 21 October 2026 - BDO has comprehensively advised Ewald Dörken AG, headquartered in Herdecke, on the full acquisition of the J.W. Ostendorf group of companies, including its foreign group companies. In addition to M&A lead advisory, the mandate comprised financial, tax, legal, technical, real estate and environmental due diligence by an international, interdisciplinary advisory team as well as the legal and tax negotiations of the share purchase agreement. Besides J.W. Ostendorf GmbH & Co. KG, the scope of the transaction includes BB Participations SAS.

With the acquisition, Ewald Dörken AG is expanding its activities in paints, varnishes and coating solutions, particularly in Germany and France. The product portfolios and market expertise of both groups complement each other, especially with regard to professional applications, the DIY and private label business and contract manufacturing. At the same time, synergies arise in production, logistics, sales and research and development. The transaction thus supports the strategic development of the DÖRKEN Coatings business unit, which bundles the existing activities in this segment, and is intended to strengthen its position in the European paints and coatings market.

Comprehensive interdisciplinary advice by BDO

BDO supported Ewald Dörken AG on the buy side as M&A lead advisor and coordinated BDO's various national and international advisory and due diligence workstreams. The close, holistic cooperation of the M&A, financial, tax, legal, environmental, real estate and technical due diligence teams enabled an integrated assessment of the financial, tax, legal, real estate, environmental and technical aspects of the transaction. The results of the workstreams were consolidated consistently and fed into the further transaction process.

Thorsten Koch, sole member of the Management Board of Ewald Dörken AG, thanked the entire BDO transaction team, in particular Dietmar Flügel and his M&A team, who had overall responsibility for the transaction advice. According to Koch, the coordinated cooperation of the experts enabled a well-founded assessment of the key economic, tax, legal and operational aspects of the transaction (quote rendered in substance).

Advisers to Ewald Dörken AG: BDO
M&A Lead Advisory: Dietmar Flügel, Mario Males
Financial Due Diligence: Martin Henzler, Sébastien Haas (France), Henri Calef (France)
Tax Due Diligence: Dr. Michael Brauer, Prof. Dr. Dirk Schmidtmann, Sacha Boksenbaum (France), Sam Boundy (UK), Benjamin Thumm (Switzerland)
Legal Due Diligence: Dr. Konstantin Michelsen, Dr. Nico Meinzenbach, Olivier Morino (France), Ana Brandao (France), Emilie Ducorps-Prouvost (France), Klaus Krohmann (Switzerland), Gawain Moore (Walker Morris, UK), Oliver Duke (Walker Morris, UK)
Environmental and Technical Due Diligence: Dr. Kai Steffens, Guido Clemens
Real Estate Due Diligence and Advisory: Mathias Lange
Transaction Tax Advice: Dr. Michael Brauer, Prof. Dr. Dirk Schmidtmann
SPA Negotiations: Dr. Konstantin Michelsen, Dr. Nico Meinzenbach

This text was automatically translated from the German original.