Karanovic & Partners, working with Advokatfirmaet Selmer, has advised the Fortaco Group on its acquisition of marine industry supplier Rapp Zastava.
The Fortaco Group is a producer of vehicle cabins and steel fabrications and provider of vehicle assembly services. The company boasts 40 years of experience in steel fabrication and currently employs around 2,300 people. Rapp Zastava produces winches, net reels, pumps, and other marine equipment. The company currently employs 150 people and is located in Gruza, Serbia.
The Karanovic & Partners team included Partner Ivan Nonkovic and Senior Associate Marko Culafic. The firm did not reply to an inquiry about the deal.