CHARLOTTE, N.C. — The German company Ziermann Holding is buying all of Sail Star GmbH & Co. KG’s shares of Böwe Textile Cleaning GmbH. The agreement will include Böwe subsidiaries in Spain, China and the U.K.
The sale and transfer will be effective Jan. 1, 2010, and at the end of the year, the Böwe production unit in Augsburg, Germany, will close.