Noerr has advised BuR Handels on the sale of Sakret in the Czech Republic to Sievert. Roedl & Partner reportedly advised the buyer.
BuR Handels is a Buechl Handels und Beteiligungs KG and Rygol Baustoffwerke subsidiary and specializes in construction materials and engineering.
Founded in 1998, Sakret is a Czech company specializing in dry materials solutions.
Sievert is a Germany-headquartered company specializing in construction materials and logistics solutions production. The company has approximately 60 locations in Europe, Russia, and China.
"With the takeover of Sakret Czech Republic, Sievert is consistently pushing ahead with its international growth strategy," a company press release informed. "The Czech Republic is an important target market for Sievert SE, where the company is already represented with its own plant in Brno."
"The takeover of the Sakret plant in Ledcice is a sensible addition to our existing activities on the Czech market: there are numerous synergies," Sievert SE CEO Jens Gunther commented. "With our combined strengths, we can again strengthen our market position in a targeted manner. All in all, we see ourselves optimally positioned for the future in the Czech Republic."
The Noerr team was led by Prague-based Partner Barbara Kusak and Munich-based Partner Silvia Sparfeld and included Prague-based Senior Associate Lenka Sklenarova and Associate Anezka Vecerova as well as Munich-based Associated Partner Elisabeth Dworschak and Associate Nico Rosenfelder.