Wold Theiss has advised Atlas Holdings on its acquisition of Meadwestvaco's consumer-packaging business.
Atlas Holding's portfolio company ASG (AGI-Shorewood Group), a global speciality packaging manufacturer, acquired MWV Bydgoszcz, the Poland-based beauty and personal care folding carton business, from the MeadWestvaco Corporation. According to Wolf Theiss, "MWV Bydgoszcz is an important supplier of packaging to major global and regional consumer goods companies, including cosmetics and beauty brands, and has been the object of a purchase by ASG, already one of the largest packaging suppliers for the home entertainment industry. ASG will leverage the Bydgoszcz operations assets to expand its footprint in the European consumer-packaging market. The acquisition is part of a multi-year strategy to develop additional packaging solutions for the beauty and personal care, spirits, confectionery and healthcare markets."
ASG is a specialized global-packaging company, and part of Atlas Holdings, an industrial holding company headquartered in Greenwich, Connecticut. Key packaging segments of ASG include health and beauty, pharmaceutical, home entertainment, consumer electronics, confectionery and specialty foods, spirits, and sporting goods. The company employs nearly 3,000 people worldwide, operating 18 manufacturing facilities in North America, Europe, Asia, and Latin America.
During the purchase process, ASG was advised by Wolf Theiss lawyers on Austrian, Polish and Czech law aspects of the transaction. The Wolf Theiss team was led by Partner Horst Ebhardt, who was assisted by members of the firm's Corporate/M&A, Employment, and Tax practice groups.