Schoenherr has advised Austrotherm GmbH on the merger control filings for the acquisition of the EPS insulation business unit of the Austrian insulation manufacturer Brucha.
According to the firm, the remaining Brucha businesses will not be acquired by Austrotherm and Brucha will focus on its core business areas – the production of Brucha panels and cold rooms. The deal obtained Phase 1 clearance in all countries.
The Austrotherm Group generated sales of approximately EUR 436 million in 2023 and employed 1,400 people as of December 31, 2023. It currently operates 26 production sites for insulation materials in 12 countries, including Bosnia-Herzegovina, Bulgaria, Croatia, the Czech Republic, Germany, Hungary, Poland, Romania, Serbia, Slovakia and Turkiye.
Brucha is a family-run insulation manufacturer and installation service provider for cold-insulated rooms. In the DACH region and across CEE, Brucha is also active as an installation service provider for refrigeration and special room construction. Applications range from cooling cells for restaurants to the planning and construction of food production facilities.
The Schoenherr team advising Austrotherm was led by Partner Franz Urlesberger and Attorney at Law Maha Zoehrer and included Partners Danijel Stevanovic and Roman Perner, Counsel Karin Pusch, Attorney at Law Nina Rasljanin, and Associate Filip Zafirovski.
