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Wolf Theiss and Wildmoser/Koch & Partner Advise on Saint-Gobain Acquisition of Polish Insulation Company

Wolf Theiss and Wildmoser/Koch & Partner Advise on Saint-Gobain Acquisition of Polish Insulation Company

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Wolf Theiss has advised France's Saint-Gobain on Polish and Austrian law matters related to its acquisition of a 90% stake in the Polish company ISOROC Polska from Austrian company ISOROC Holding AG, represented by Austrian industrialist Alexander Maculan. The formal signing took place on November 24, 2017, and Wildmoser/Koch & Partner Rechtsanwalte advised the sellers.

Saint-Gobain is a globally operating industrial group headquartered in Paris. In its own words, it “designs, manufactures and distributes materials and solutions which are key ingredients in the well-being of each of us and the future of all.” Saint-Gobain’s brand portfolio includes Rigips, ISOVER insulation products, Sekurit Autoglas, Saint-Gobain Glass, and the building materials distributor Raab Karcher.

ISOROC Polska is a producer of eco-friendly insulation materials and operates a plant located in Nidzica (160 km north of Warsaw) with a capacity of 35,000 tons of insulating mineral wool products.

“ISOROC Holding and Saint-Gobain had already had business contacts for years," said Wildmoser/Koch & Partner Partner Felix Michael Klement, who led his firm's team on the deal. "For example, ISOROC Holding sold its stake in one of the largest Russian stone wool plants to Saint-Gobain. We experienced very harmonious Austrian-French contract negotiations." Klement was supported by Wildmoser/Koch & Partner lawyers Max Rammerstorfer and Voijtech Joza in Vienna, and by Polish attorney Agnieska Pokora, from the Marciniuk & Partner law firm in Warsaw. 

Wolf Theiss's team was led by Partner Christian Mikosch in Vienna, supported by Associate Daniel Kocab (Vienna), Partner Jacek Michalski (Warsaw), and Associate Joanna Wajdzik (Warsaw).

 

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