Alno sells Scandinavian arm and finalises Pino Küchen sale

Alno German Kitchens - Alno AG

Stockholm-headquartered Alno Scandinavia, the Scandinavian division of Alno AG subsidiary Alno International, has been sold to Luxembourg-based BlueWall for an undisclosed amount.

Insolvency administrator Anchor Rechtsanwälte has also confirmed that the sale of Pino Küchen to an investor group including German kitchen furniture manufacturer Nobilia has been approved by the Austrian cartel authorities and Federal Cartel Office.

This means that the business operations, trademark rights and 229 employees of Pino have been transferred to the ownership of the investor group.

Earlier this month, insolvency administrator Anchor announced that the majority of employees at Alno AG have been suspended, excluding a team of around 170 who have been kept on for insolvency-related tasks.