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PNSA and ZRP Advise on Saint Gobain Acquisition of Pietta Glass

PNSA and ZRP Advise on Saint Gobain Acquisition of Pietta Glass

Romania
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Popovici Nitu Stoica & Asociatii has advised the Pietta family on the sale of the entire share capital of Pietta Glass to Saint-Gobain. Zamfirescu Racoti & Partners advised Saint-Gobain on the deal.

Pietta Glass is active in glass processing and insulating glazing systems for facade markets and certain industrial applications. According to a Saint-Gobain pess release, "Pietta Glass sales should reach EUR 20 million in 2016, with a strong potential for growth over the next few years. The Flat Glass business is already established in Romania with a float glass plant and a coater. This acquisition will allow the Group to expand the business’ industrial footprint in order to better serve the growing façade markets and round out its positioning in industrial applications with an optimized cost base. The transaction is consistent with the Group’s strategy of expanding its range of downstream products towards high value-added solutions."

The PNSA team was led by Partner Bogdan Stoica, supported by Managing Associate Andreea Hulub.

The ZRP team involved in the transaction was coordinated by Senior Partner Anca Danilescu and included Senior Associates Iuliana Negoita, Dan Curiciuc and Larisa Popoviciu.

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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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