Moral & Partners has advised Arimpeks Aluminyum Sanayi Ic ve Dis Ticaret A.S on the sale of an 80% stake in the company by the Kansak and Ercin families to Swiss-based Montana Tec Components AG, acting via its Aluflexpack AG subsidiary. PAE Law Office advised both Montana and Aluflexpack.
The purchase value of the sale shares in this transaction is confidential. Current shareholder Cenk Ercin retains a 20% stake in Arimpeks after the share acquisition.
The Share Purchase Agreement was signed on September 13, 2018, and the approval of the Turkish Competition Board was obtained on September 26, 2018
The Montana Group is a technology and innovation-oriented industrial group that focuses on selected key technologies such as energy storage, aerospace components, metal tech and industrial components.
Founded in 1990, Arimpeks is a Turkish manufacturer of flexible packaging located in Gebze Organized Industrial Zone.
The Moral team was led by Managing Partner Resat Moral and Partner Serkan Pamukkale and included Senior Associate Filiz Piyal, Associate Melis Menku, and Trainee Dilara Kaymaz.
The PAE team was led by Partners Gokhan Enkur and Emre Atayilmaz and included Senior Attorney Senem Sarac and Trainee Yafes Oner.