Dorda has advised Greiner AG on the takeover of Eurofoam GmbH from Recticel. The Brussels office of Allen & Overy and Eisenberger & Herzog advised Recticel on the deal. Financial details were not disclosed, and closing remains contingent on regulatory approval.
Greiner, a family-owned company founded in 1868 and based in Kremsmuenster, Austria, is a supplier of plastic and foam products that is active in 33 countries worldwide.
Eurofoam is the a manufacturer of flexible polyurethane foam with annual sales of more than EUR 400 million and more than 2,400 employees at 36 locations in 12 countries across Europe. According to Dorda, “Greiner ... already held a 50% share in this joint venture with the Dutch company Recticel holding the remaining share. Now Recticel has sold its share in the joint venture, which was founded in 1992, making Greiner the sole shareholder of Eurofoam GmbH.”
Dorda’s team included Partners Martin Brodey, Christian Ritschka, and Heinrich Kuehnert, Counsels Elisabeth Koenig and Gunnar Pickl, and Associates Patricia Backhausen and Clemens Semelmayer.
Eisenberger & Herzog's team included Partners Marco Steiner and Mario Spanyi and Associate Johannes Feilmair.