OBI GmbH & Co. Deutschland KG is a German multinational home improvement supplies retailing company. It is headquartered in Wermelskirchen and operates 668 stores in Europe, of which 351 are in Germany.
Obi was founded in 1970 by Emil Lux, Manfred Maus and Klaus Birker with the opening of the first Obi store in the Alstertal shopping center in Hamburg-Poppenbüttel.
In 1985 the Tengelmann Group acquired a majority stake in Obi. The share was increased in 2007 by buying the shares of the Lux founding family.
The company expanded in Romania in 2008, where it opened 7 stores until 2010. Due to the economic crisis and the small market share, the company decided in 2014 to close the stores, 5 of them were sold to Jumbo. Also in 2008 the company opened the first 2 stores in Ukraine, followed in 2009 by a third store. They closed in 2013.