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Schoenherr Advises Borealis on Acquisition of Integra Plastics

Schoenherr Advises Borealis on Acquisition of Integra Plastics

Bulgaria
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Schoenherr has advised Borealis AG on the agreement to purchase Bulgarian polyethylene and polypropylene recycler Integra Plastics. Boyanov & Co and CMS reportedly advised on the deal as well.

Headquartered in Vienna, Borealis AG is a provider of advanced and circular polyolefin solutions and a provider of base chemicals, fertilizers, and the mechanical recycling of plastics. The company employs around 6,000 people and operates in over 120 countries. It generated a net profit of EUR 2.1 billion in 2022.

According to Schoenherr, "Integra Plastics JSC is one of the most advanced plastics recycling companies in Europe, producing high-quality PCR resins. It specializes in the production of top-quality low-density polyethylene, high-density polyethylene, and polypropylene granules, with color variation and an annual capacity of 30,000 metric tons."

The Schoenherr team was led by Partner Alexandra Doytchinova and Attorney at Law Katerina Kaloyanova-Toshkova.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.