RTPR Allen & Overy has advised Ruukki Romania, a member of the Swedish group SSAB, in relation to the sale of its factory in Bolintin-Deal, Romania, to Finland's Peikko Group Corporation. Noerr advised the buyer on the deal.
Ruukki is a producer of metallic roofing sheets for residential buildings and metallic solutions for commercial and industrial buildings. Peikko — a family-owned company founded in 1965 and headquartered in Lahti, Finland — supplies a selection of concrete connections and composite beams for both precast and cast-in-situ (made on the site) solutions in a wide variety of applications.
The factory acquired by Peikko, which was built in 2007, has a total surface of 30,000 square meters and it also includes a piece of land of 60,000 square meters. Noerr reports that Peikko plans to gradually build up the production capacity of the new Romanian unit.
The RTPR team included Partner Alexandru Retevoescu and Associates Laurentiu Tisescu and Andrei Lupu.
The Noerr team was led by Senior Associate Alexandru Dan, working under the supervision of Associated Partner Roxana Dudau. The team also included Counsel Rusandra Sandu, Attorneys Raluca Botea and Diana Rizea, and Associate Cornelia Postelnicu.