The non-food discounter Mäc Geiz is changing ownership.
Kodi Beteiligungs GmbH, which also owns the discounter Kodi, is taking over the chain. The purchase contracts have already been signed, as the company announced when asked by the German Press Agency. Completion is expected in the coming weeks. Kodi managing director Fabian Grund did not comment on the purchase price. The ‘Lebensmittel Zeitung’ had previously reported on it.
The retailer Kodi, which describes itself as a household discounter, has its headquarters in Oberhausen. The company operates 150 branches in western German states, most of them in North Rhine-Westphalia. Mäc Geiz is based in Landsberg in Saxony-Anhalt. The approximately 200 locations are mostly in the east. Both brand names should remain.
According to their own information, Kodi and Mäc Geiz each employ around 1,200 people. The retail chains sell everyday products such as household goods and drugstore items as well as stationery. They compete with retailers such as Action, Tedi and Woolworth, among others.
Purchasing should be more closely integrated
The aim of the collaboration is to combine the strengths of both companies and use common structures, said Kodi managing director Grund. Purchasing in particular should be more closely integrated.
The previous shareholder of Mäc Geiz Handelsgesellschaft mbH was the MTH Retail Group based in Austria. According to the information, she sells her shares and in return joins Kodi Beteiligungs GmbH as a minority shareholder. The cooperation between the companies is to be expanded in the future.
Kodi’s branch network shrank from 230 to 150 locations last year as a result of bankruptcy. The name of the chain is made up of the founder’s name Koch and Discount. The first branch was opened in Düsseldorf in 1982, and the first Mäc Geiz store in Halle/Saale in 1994.
