Talen Tools buys K. Löffert: sales and real estate development

Talen Tools buys K. Löffert: sales and real estate development

How m.osthessen-news.de reported that the traditional company and market-leading producer of handles of all kinds for various tools, K. Löffert, has closed the factory in Sinntal and laid off its employees. The buyer, “Talen Tools” from the Netherlands, has agreed to provide further details on the background to the sale.

“Talen Tools” has issued a statement about the closure of production in Germany. After unsuccessfully trying to make production in Germany profitable, the company decided to relocate production to its own headquarters in the Netherlands, where it employs around 60 people. German regulations and shipping costs have made profitable production in Germany even more difficult.

The property of the former factory is now for sale after the halls were cleared and the machines were sold. Despite the closure of production in Germany, the current customers of “Löffert Stiele” will continue to be supplied and the brand will remain in place. The brand rightly enjoys a high reputation for the good quality associated with it.

The closure of production and the sale of the property could have long-term effects on the real estate market, especially in the Sinntal region. A large business closing leaves a gap in the local market and could lead to an oversupply of commercial real estate. This could lead to a decline in property prices in the region as demand for commercial properties could decrease. The relocation of production to Holland could also lead to job losses in the region, which in turn could affect demand for residential property.

Overall, both the closure of production and the sale of the property could have a noticeable impact on the real estate market in Sinntal and the surrounding area. It is important to closely follow developments in this area in order to be able to react adequately to possible changes.