Distributor firm Lynka (asi/254384) has formed a strategic partnership with German-based Berendsohn AG, the companies have announced. The deal, made public this week, will provide Lynka will additional capital and support systems. It will also formally mark the business exit of Hanseatic Finance and Arco Capital, which had been Lynka’s financial backers.
“I am so pleased that Lynka has found Berendsohn as our strategic partner for the future,” said John Lynch, Lynka’s founder. “I couldn’t have wished for a better, more professional and financially sound partner.”
According to a press statement, Lynka and Berendsohn will remain as separate business units operating under their own respective brands. Lynka will continue to be headed and co-owned by John Lynch, who founded the firm and has been its CEO for 22 years. “As a world-class apparel player, Lynka is a perfect fit for Berendsohn, from both a cultural and a strategic perspective,” said Berendsohn CEO Jorn Lambertz. “I am very pleased to become partners with John and to welcome Lynka into the Berendsohn family.”
Founded in 1992 in Krakow, Lynka is a leading European provider of promotional clothing, accessories and decoration services. Headquartered in Hamburg, Berendsohn AG was established in 1833 as a publishing house. Re-launched as Günther Berendsohn in 1948, the firm focuses today on promotional products and specialty gifts.