Binder Groesswang has advised Mayr-Melnhof on its acquisition of the TANN Group, which is headquartered in Traun, Austria.
The TANN Group produces cigarette filter paper (aka "tipping paper"). The group, which has eight production sites in seven countries worldwide and around 1,100 employees, generates sales revenues of around EUR 230 million per year.
The Binder Groesswang team was led by Partner Florin Khol and included Attorney Hemma Parsche.
Binder Groesswang did not reply to our inquiry about the identity of counsel for the sellers.
Editor's Note: After this article was published, CEE Legal Matters learned that Wolf Theiss had advised the sellers, Eurasia Invest Holding, on the deal.