Baker McKenzie has advised Scandinavia's Flugger group A/S on its acquisition of a 60% shareholding in Unicell, a paint manufacturer based in Poland. Flugger also acquired the rights to purchase an additional 14% of the shares at a later date.
Flugger, itself a paint manufacturer, has been active in Poland since 2004, with production facilities and offices in Gdansk and a network of 57 shops.
According to Baker McKenzie, ”Flugger’s existing network, volume, and brand will strengthen Unicell’s possibilities for creating further growth within its own products and services as well as develop new products and services.”
Unicell exports to 32 countries, but most of its sales are to the Polish market, where approximately 85% of its revenue is generated.
Baker McKenzie's team consisted of Partner Weronika Achramowicz and Associate Ewa Marcisz.
Baker McKenzie did not reply to our inquiry on the matter.