CERHA HEMPEL Rechtsanwälte GmbH has advised Teufelberger in connection with the acquisition of Maillis Plastics Solutions, Poland, from Maillis Holdings S.à r.l., which is part of the portfolio of H.I.G Capital. The acquisition of Maillis Plastics Solutions took place via a Polish acquisition vehicle together with a US based co-investor, Sigma Plastics Group.
Maillis Plastics Solutions had been part of the international Maillis Group since 2000. Maillis Group is the world's second largest manufacturer of end-of-line packaging equipment and supplies its customers with consumables such as strapping and film products. The group employs more than 750 people and generates sales of around EUR 200 million.
Teufelberger, an owner managed family business based in Wels, Austria, is a diversified, international group with around 1,350 employees and sales of approximately EUR 290 million, successfully specializing in fibre ropes, steel wire ropes and strapping. The US based co-investor, Sigma Plastics Group, has over 40 manufacturing facilities producing an annual throughput of over 2 billion pounds of resin.
Closing of the transaction occurred on 31 March 2022.
The CERHA HEMPEL Team, consisting of Dr. Clemens Hasenauer (Partner, Corporate and M&A), Johannes Prinz (Partner, Corporate, M&A and Tax), Lorenz Pracht (Partner, Corporate and M&A), Dr. Anna Wolf-Posch (Partner, Antitrust & Competition), Julia Digruber (Associate, Corporate and M&A), Michael Ebner (Associate, Corporate and M&A) and Philipp Schaubach (Associate, Antitrust & Competition), provided comprehensive legal advice to Teufelberger regarding the transaction as well as the complex and multi-faceted topics that arose due to the joint acquisition with a co-investor.
Rafał Woźniak, Anna Wietrzyńska-Ciołkowska, Mateusz Bąk and Lech Najbauer, all DWF Poland Jamka sp.k., acted as further legal advisors (Polish law) for Teufelberger.