Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
The Hoffmann Group of Munich Germany is the parent company of Hoffmann Group USA and is a world leader in tooling manufacturing for over 100 years
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedStill operating and advertising in Russia. Hoffmann Group announced that it would tighten controls and cease new supply commitments to Russian customers after February 2022. The Russian legal entity OOO “HOFFMANN GROUP” was liquidated on September 30, 2024, and Russia is not listed among the active countries on the company’s official website. At the same time, Hoffmann Group products, including the GARANT and HOLEX brands, are still offered by Russian suppliers of industrial tools and equipment, which indicates that the brand remains present on the Russian market through indirect channels. 20.04.2026: MULTIPASS LLC becomes the new founder of the organization.
| September 28, 2022 | Hoffmann Group response - Business and Human Rights Centre |
| May 05, 2022 | https://hoffmann-group.ru/blogs/news/letter-to-our-customers |
| Hoffmann Group in Russia | |
| Hoffmann Group in Russia |