27.01.2017

Media-Saturn Deutschland acquires expert Flösch stores near Freiburg

Ingolstadt, 27.01.2017: The German national subsidiary of the Media-Saturn Group will take over the two stores of expert Flösch, the largest independent consumer electronics retailer in southern Baden, with effect from March 1st, 2017. By acquiring the two stores in Emmendingen and Müllheim near Freiburg, south-west Germany, Media-Saturn is substantially strengthening its position in the region. None of the 60 members of staff will be laid off. The two parties have agreed to maintain confidentiality regarding the purchase price. With the takeover contract now signed, the step-by-step integration of the stores into Media-Saturn Deutschland GmbH can begin. With over 85 years’ experience at its two locations, Flösch has built up an outstanding position on the regional market. The takeover is subject to the approval of the competition regulator.

Wolfgang Kirsch, CEO of Media-Saturn Deutschland GmbH, had this to say: “The acquisition of expert Flösch is an important addition to our stores in the region and corresponds to our declared strategy of taking over small trading groups. We look forward to working with the experienced staff from the two stores and to serving the loyal customer base which has been developed. We will continue to offer a wide range of electronics items, sound advice and the other services there provided by the Media-Saturn Group.”

Declared Rainer Flösch, owner of expert Flösch: “Being a family-run business in its third generation, selling up isn’t a decision I’ve taken lightly. I’m therefore especially glad that in Media-Saturn we have found a powerful, reliable successor. Media-Saturn was my candidate of choice and will ensure the survival of Flösch’s two stores. The region’s biggest consumer electronics dealer will now join the largest consumer electronics retailer in Europe, benefiting employees and customers alike.”

Media-Saturn is acquiring a store in Emmendingen with sales space of 2,500 square metres and another store in Müllheim about 1,500 square metres in size. The 60 or so employees, a third of whom have been with the company for more than a decade, will now join the Media-Saturn workforce. From March 1st, 2017, both stores will be managed by Media-Saturn and successively adapted to the market strategy of Germany’s leading consumer electronics retailer. The two stores will remain open and continue to serve their customers as usual while alterations are carried out.

The company Flösch was established in 1931 by Max Flösch when he opened an electrical shop in Bötzingen adjacent to the Kaiserstuhl hill range in 1931. The company joined the ‘expert’ Group in 1971. expert Flösch is now run in its third generation by Rainer Flösch and has developed into the biggest independent consumer electronics retailer in south Baden.