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Hella Ponders Sale of Its Wholesaling Business

Hella GmbH & Co. says it is in discussions with possible investors about “strategic options” for its Nordic Forum wholesale activities.

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Hella GmbH & Co. says it is in discussions with possible investors about “strategic options” for its Nordic Forum wholesale activities.

The Lippstadt, Germany-based lighting supplier acknowledges it has initiated a structured auction process. But it denies media reports that it has already made a decision to sell the business and that it has chosen a preferred bidder.
 

Launched in 2004, Nordic Forum Holding AS is headquartered in Copenhagen. The company comprises a network of European wholesale parts distributors that employ nearly 2,500 people and generate annual sales of €542 million ($647 million).

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