Bruno Steinhoff started own business as a distributor of furniture from eastern Europe to western Europe
With the fall of communist rule in eastern Europe, the group converted from a marketing and distribution company to a producer and distributor of furniture
Steinhoff International Holdings Limited incorporated
Steinhoff International acquires the entire issued share capital and claims on loan account of Steinhoff Germany, Steinhoff Europe and Steinhoff
Africa in terms of the merger and lists on the JSE on 23 September 1998
Steinhoff Africa acquires · 35,2% shareholding in Megacor · 100% shareholding in Roadway
Transport, Roadfurn and Unity Longhauls · 100% shareholding in Braecroft Sawmill Group
Remaining shares in Megacor Group acquired to maximise synergies
Megacor delisted
Acquires 100% interest in Cornick Group, which includes Afcol
Steinhoff Europe takes over Panda, Australia (as part of Cornick) to develop Australian market
2000
Acquires strategic interest in listed transport and logistics group,
Unitrans Limited
Through Roadway Logistics , forms joint venture with
Unitrans to group all its household goods logistics interests
Acquires Klose Collection in Germany, including three modern high-tech factories in Poland
Acquires Klose Hungary, a specialist chair factory
Exercises option to acquire four Polish upholstery factories
Acquires Prudnik upholstery factory from the Polish government in one of the last privatisation deals with
Roadway Logistics,
Comparex Africa and retail industry players
Group attains critical mass in UK with acquisition of Relyon Group
plc, manufacturer of the premier bedding brand
Expands Australian presence by acquiring Marshall Furniture, largest case goods manufacturer in the country
Steinhoff Pacific formed by acquiring the manufacturing facilities of
Freedom Group in Australia and New Zealand and enters into a cross-shareholding relationship
Additional investments made in sawmilling capacity to promote exports from South
Africa
2003
Steinhoff celebrates its fifth anniversary as a listed company on the JSE with market capitalisation up from R2,6 billion to R6 billion.
Compound growth in headline earnings is 45,6%, while headline earnings per share has grown by a compound 33,4%
Steinhoff Europe expands range through a 74% interest in Puris Bad
GmbH
Steinhoff attains critical mass in UK bedding market through the acquisition of
Sprung
Slumber
International equity placement raises €123 million (R970 million). South African division successfully issued and listed a R1 billion bond
in the local bond market
Steinhoff assist management buyout of Freedom Group
Ltd, Australian listed, which was delisted. Steinhoff acquires the entire interest in the
manufacturing, sourcing and distribution business.
Launch first syndicated loan in European market for 125 Euro million and commited to 175 Euro million.
In 1964, Steinhoff started as a distributor of furniture in Germany. Forty years later, Steinhoff International operates in 25 countries
with an extensive product range
Steinhoff acquires the remaining shares in PG Bison
Steinhoff Europe AG (Austria) concludes a new syndicated loan programme for €300 million, replacing previous loan of €175 million at a
substantially improved margin
German division acquires assets of Hukla Möbelwerke group, a well-known brand in Germany in the upholstery, recliner and mattress market.
Establish representative office in Shenzhen, China which developed into the Steinhoff Imports and Sourcing division.
2005
Steinhoff Europe acquires 60,8% of Homestyle Group
plc. Homestyle operates through a bed division, with 436 stores under the
Bensons for
Beds, Sleepmasters and Bedshed trade names, and a furniture division trading through 177 stores under the
Harveys trade name.
Homestyle
is listed
on the London Stock Exchange.
Steinhoff acquires 26% of the issued share capital of Amalgamated Appliances Holdings Limited (AMAP): AMAP is a well-known distributor in
South Africa of consumer electronic equipment and electrical appliances. Major brand names in its appliance division include: Russell Hobbs,
Remington, Salton, Tedelex, Pineware and Haz. Brands in the consumer electronics division include: Pioneer, Toshiba, Sansui, Tedelex and Tannoy.
Substantial synergies between AMAP and Steinhoff Africa exist in warehousing, logistics and
distribution.
Steinhoff acquires a 21% stake in KAP International Holdings
Limited. KAP is a diversified industrial company and includes Feltex
Automotive, a leading automotive component manufacturer with strategic facilities.
Made offer to minority shareholders Homestyle Group
plc, by way of scheme of arrangement.
Steinhoff Africa disposes of entire door division to Swartland Doors.
Steinhoff Africa announces the conclusion of heads of agreement for the disposal of its furniture manufacturing operations to
AMAP.
Steinhoff Africa acquires the entire interest in the BCM
Group, producing bedding components and springs.
2007
Steinhoff Europe completes the acquisition of the remaining shares in
Homestyle Group
plc, which is de-listed with Steinhoff International issuing
73,3 million shares in settlement.
Steinhoff Africa announces steps to have the minority interest in
Unitrans
taken out.
