CMS has advised Greiner on the sale of its extrusion division, including operational assets in Austria and the Czech Republic, to Nimbus. KPMG Legal advised Nimbus.
Greiner is an Austrian plastics and foam specialist company.
Nimbus is a Dutch-German investment company and the majority owner of Battenfeld-Cincinnati, one of Greiner’s competitors active in Germany, Austria, the US, and China. According to CMS, “the now affiliated companies intend to exploit synergies in purchasing, at least. Otherwise, both entities will remain independent companies with their organizational structures and market presence.”
CMS’ team included Austria-based Partners Alexander Rakosi, Dieter Zandler, Johannes Hysek, and Sibylle Novak, Counsel Hans Lederer, Attorneys Florian Mayer and Mariella Kapoun, Associates Anna Hiegelsperger, Vanessa Horaceck, Thomas Aspalter, Cornelia Kreuth, and Christoph Birner, and Paralegal Alexandros Hantasch; Czech Republic-based Associate Stepan Havranek and Lawyer Eva Bryndova; Poland-based Partner Blazej Zagorski and Senior Associate Marta Osowska-Buba; and further team members from China, the UK, and France.
KPMG Legal’s team included Partner Eugen Strimitzer, Counsel Stephanie Sauer, Legal Director Jan Frey, Attorneys Petr Janicek and Stefanie Heimel, and Associate Stefan Niederstrasser.
