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Martin Professional has entered into an agreement with the owners of its German distributor to establish a joint venture, creating a new Martin subsidiary - Martin Professional GmbH.Martin will hold 51% of the shares in the new operation, which will officially begin trading on January 1st. Located in Karlfeld, near Munich, this latest venture brings the number of Martin subsidiaries to six. The company has 20 employees with a yearly turnover of nearly $10 million which will result in a positive return for Martin Professional from the outset.
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