Cerha Hempel and DWF have advised Teufelberger on its joint acquisition with Sigma Plastics Group of Maillis Plastics Solutions from Maillis Holdings. Reportedly, Wolf Theiss advised Sigma Plastics Group on the deal and Germany-based Renzenbrink & Partner advised the sellers.
Maillis Holdings is a part of the portfolio of H.I.G Capital.
According to Cerha Hempel, ”Maillis Plastics Solutions had been part of the international Maillis Group since 2000. Maillis Group is the world's second-largest manufacturer of end-of-line packaging equipment and supplies its customers with consumables such as strapping and film products. The group employs more than 750 people and generates sales of around EUR 200 million.”
According to the firm, “Teufelberger, an owner-managed family business based in Wels, Austria, is a diversified, international group with around 1,350 employees and sales of approximately EUR 290 million, successfully specializing in fiber ropes, steel wire ropes, and strapping. The US-based co-investor, Sigma Plastics Group, has over 40 manufacturing facilities producing an annual throughput of over 2 billion pounds of resin.”
Cerha Hempel’s team included Partners Clemens Hasenauer, Johannes Prinz, Lorenz Pracht, and Anna Wolf-Posch and Associates Julia Digruber, Michael Ebner, and Philipp Schaubach.
DWF's team included Managing Partner Michal Pawlowski, Local Partners Rafal Wozniak and Anna Wietrzynska-Ciolkowska, Counsel Lech Najbauer, and Associate Mateusz Bak.
