28
Thu, Mar
72 New Articles

Dorda Advises Frauenthal on Purchase of OAG

Austria
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Dorda (DBJ) has advised the Frauenthal Group on its acquisition of all shares in OAG, a leading Austrian wholesaler of sanitary and heating products.

The transaction will enable Frauenthal Holding to push forward the expansion of its division for wholesale sanitary and heating products. Previously wholly owned by Wolseley, a British trade distributor of sanitary goods, OAG generated sales of around GBP 239 million during the last financial year.

In purchasing OAG, the Austrian-owned Frauenthal Group will also acquire the OAG Kontinentale division, a leading distributor in the field of civil engineering and industrial pipework installations. This will expand Frauenthal’s product portfolio in this sector, which now covers all areas of the wholesale building services market. 

The Frauenthal Group is a diversified group that is listed on the Vienna Stock Exchange. It has a workforce of around 3,000 and reported sales of approximately EUR 600 million in 2013.

“We are delighted to have assisted Frauenthal Group in successfully concluding the share purchase agreement," reported DBJ Partner Andreas Mayr, a lead lawyer on the deal. "The contract negotiations with the English sellers were rather challenging, which is all the more reason for us to wish Frauenthal every success as they expand their wholesale sanitary and heating division."

Mayr worked on the deal with DBJ Partner Jurgen Kittel.

 

 

{simplepopup name=”000” cookie="30"} If you would like to receive regular updates on CEE cases, deals, lateral moves and promotions, and legal awards or if you want to sign up to receive a hard copy of our upcoming magazine please subscribe here. {/simplepopup}

Our Latest Issue