Romania's Popovici, Nitu, Stoica & Asociatii and Poland's Kurzynski Kosinski Lyszyk Wierzbicki have advised the Romanian and Polish subsidiaries of the Etanco Group on their acquisition of of the subsidiaries of Gunnebo Fastening in those two countries. NNDKP, working along lead counsel Fidel, advised Gunnebo Fastening on the Romanian side of the transaction, with DZP reportedly advising Gunnebo Fastening on the sale of its Polish subsidiary.
Etanco Romania President Ronan Lebraut described the deal as "a milestone in the development of the Group Etanco in Europe," and explained that "with a plant of 15,000 square meters, we strengthen our industrial system and we increase our production capacity to better meet the growing demand of the construction industry on our core market (France, Italy, Benelux). The acquisition of Gunnebo Fastening Poland also allows us to install a platform to develop our sales on the Eastern Europe, in order to take advantage of the dynamism of the construction markets in these regions.”
The PNSA team was coordinated by Managing Associate Ramona Iancu and included Associate Silvana Zecheru.
The NNDKP team was led by Partner Ruxandra Bologa and included Senior Associate Ioana Vieru and Associate Raluca Gabor.
The KKLW team in Poland consisted of Partner Michal Kurzynski and Senior Associate Mariusz Domagala.
Editor's Note: After this article was published DZP confirmed that it had advised GBO Fastening Systems AB on the sale of its Polish subsidiary to Ateliers LR Etanco SAS. The firm's team consisted of Senior Associate Marcin Kulinski and lawyer Marianna Trumpus.