Schoenherr has advised Austria's HS Timber Group and Blue Minds IF on their February 28, 2020 acquisition of Interfloat Corporation and GMB Glasmanufaktur Brandenburg GmbH. Closing, which remains contingent on regulatory approval, is expected in the first half of 2020.
The HS Timber Group, based in Vienna, is a wood processing company that is active in the timber industry and in the bioenergy sector throughout CEE, exporting its products to 70 different destinations. The Blue Minds Group specializes operates in the energy and infrastructure sectors from Vienna, Munich, and Tel Aviv.
Liechtenstein-based Interfloat and Germany-based GMB Glasmanufaktur Brandenburg specialize in the production and distribution of solar-glass and special glasses for photovoltaic applications and greenhouses.
According to Schoenherr, as a result of the deal, HS Timber Group will hold an 80% share in Interfloat and Blue Minds IF will hold 20%.
Schoenherr’s team included Partners Christian Herbst and Volker Weiss and Counsel Maximilian Lang.
Schoenherr was unable to provide any additional information on the deal.