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Hendrickson Acquires Frauenthal Group Subsidiaries

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Wolf Theiss has advised Hendrickson and Winston & Strawn has advised the Frauenthal Group on Hendrickson's June 18 acquisition of FG's subsidiaries in Austria, France, and Romania.

In particular, Hendickson -- a US automotive supplier -- acquired automotive components manufacturers in Judenburg (Austria), Chatenois and Douai (both in France) and Sibiu (Romania) from Austria's Frauenthal Group for a reported EUR 25 million. The components produced by these members of the "Frauenthal Automotive Group" are delivered to numerous manufacturers in the European utility vehicle industry. 

Partner Christian Hoenig led Wolf Theiss's team on behalf of Hendrickson, assisted by Associates Christian Hammerl and Doris Buxbaum. Lead counsel for the Frauenthal Group was Winston & Strawn Paris, who also advised on the acquisition of the French subsidiary. Managing Partner of Wolf Theiss Erik Steger believes the deal is an encouraging sign for the future: "Another successful M&A deal shows not only our ability to successfully and promptly handle such deals over several jurisdictions, but is fortunately also an indication of the economic recovery of the whole region."

 

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