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Schoenherr Advises AkzoNobel on Sale of Insulation Materials Production to HIRSCH Porozell

Schoenherr Advises AkzoNobel on Sale of Insulation Materials Production to HIRSCH Porozell

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Schoenherr has advised AkzoNobel on the sale of its extruded polystyrene insulation material production activities in Romania to HIRSCH Porozell.

According to Schoenherr, AkzoNobel supplies sustainable and innovative paints and coatings that its customers, communities – and the environment – are increasingly relying on.

HIRSCH Porozell operates in high-quality expanded polystyrene insulation materials with over 30 production sites mainly in Central and Eastern Europe. 

According to Schoenherr, “the production facility near Bucharest became part of AkzoNobel following the acquisition of Fabryo in October 2018,” (as reported by CEE Legal Matters on June 21, 2018). “Through this divestment, AkzoNobel plans to focus on its key expertise and streamline its footprint towards a single production site in the local market.”

The Schoenherr team included Local Partner Monica Cojocaru, Managing Attorney at Law Madalina Mitan, Senior Attorney at Law Simona Lehniuc, and Attorney at Law Steliana Stroe.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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