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DKSH sells watch case manufacturer Queloz November 01, 2018


			
				DKSH sells watch case manufacturer Queloz

With the sale of the watch case manufacturer Queloz to the Cendres+ Métaux Group, DKSH continues the successful restructuring of its luxury goods business. Queloz remains in Swiss hands.

Media release

DKSH sells watch case manufacturer Queloz

With the sale of the watch case manufacturer Queloz to the Cendres+ Métaux Group, DKSH continues the successful restructuring of its luxury goods business. Queloz remains in Swiss hands.

Zurich, Switzerland, November 1, 2018 – DKSH, the leading Market Expansion Services provider with a focus on Asia, transfers the Saignelégier-based Queloz SA to the Swiss Cendres+Métaux Group in Biel. Both parties have agreed not to disclose the purchase price.

 

Founded in 1939 in Saignelégier, the company was sold in 1989 to the Zurich-based trading house Desco von Schulthess. In 2011, the DKSH Group acquired Queloz SA. As a specialized manufacturer, Queloz produces and refines watch cases for small, medium-sized and complex collections for the upscale segment. Last year, the company generated sales of around ten million Swiss francs. All 30 employees will be transferred to Cendres+Métaux and further investments will be made in the Saignelégier site.

 

With an increased focus on its core business, DKSH had decided to restructure its luxury goods business in a sustainable way. The transaction underlines this increased emphasis of DKSH as the leading Market Expansion Services provider with a focus on Asia.

 

The Cendres+Métaux Group is based in Biel and the majority of its shares are privately held. With around 350 employees at its Swiss sites in Biel and La Chaux-de-Fonds, the company is active in the fields of dental, medical, watches and refining. In its Luxury & Industry division, Cendres+Métaux sells semi-finished and finished products made of high-quality materials.

 

With the sale, DKSH continues the restructuring of its luxury goods business. The transfer to an experienced owner ensures that the company remains in Swiss hands.