Berlin-based producer and distributor DCM has acquired Switzerland’s biggest independent distributor Ascot Elite Entertainment.
Created in 1928, family-run Ascot Elite is one of Switzerland’s oldest distribution and production companies with recent releases including Marty Supreme, No Other Choice and The Housemaid.
The parties said in a joint release on Thursday that the acquisition had come about after Ascot Elite owners Karin G. Dietrich, Ralph S. Dietrich and Stephan Giger approached DCM in a bid to set in motion a smooth handover of the family-run company.
They said that despite being competitors, there had always been cordial relations between Ascot Elite’s owners and DCM’s founding partners Dario Suter, Christoph Daniel, Marc Schmidheiny and Joel Brandeis as well as with Stephanie Candinas, the managing director of DCM’s operations in Switzerland.
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Under the agreement, Ascot Elite’s owners have transferred 100%
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