Albert Horn Söhne GmbH & Co. KG ("HORN") has sold its business activities to the Dutch Nedac Sorbo Group ("NEDAC") as part of their insolvency proceedings in self-administration.

Albert Horn Söhne GmbH & Co. KG, Hattersheim am Main, Germany

HORN is a publisher of greeting cards. The product portfolio of HORN also comprises wrapping paper, ribbons and gift packaging (cases and bags). The goods are purchased through reliable partners in Asia, Europe and Germany. Customers of HORN include food retail, department stores as well as wholesalers in the DACH region

Nedac Sorbo Gruppe, Duiven, Netherlands

NEDAC is a distribution and trading company for the non-food sector and one of the leading companies for greeting cards in the Netherlands. In addition to the Dutch headquarters, NEDAC has further branches in the UK and Belgium.

IMAP initiated the transaction on behalf of Albert Horn Söhne GmbH & Co. KG and handled it in all its phases.