Hengeler Mueller advises Waelzholz on acquisition of Theis Kaltwalzwerke
16. June 2017
The Waelzholz Group is expanding its business in Germany and will take over Friedr. Gustav Theis Kaltwalzwerke GmbH with an annual sales volume of over 70,000 tons. The acquisition is subject to approval by the antitrust authorities.
Waelzholz is the global market leader in high-quality cold rolled and heat-treated steel strips and profiles, used as primary products in the automobile industry, the energy sector, and in specialized industrial engineering applications. With over 185 years of experience, Waelzholz currently operates at nine sites in six countries, in Europe, North and South America, as well as Asia, and is the global leader in the development of innovative steel strip Solutions.
Hengeler Mueller advised Waelzholz on the transaction. The Hengeler Mueller team included partners Frank Burmeister (M&A), Christian Hoefs (Labour) (both Frankfurt), Alf-Henrik Bischke (Antitrust), Dirk Uwer (Public Law) (both Düsseldorf) and counsel Mathias Link (Steuerrecht) as well as associates Britta Süssmann (Tax), Katharina Gebhardt (Labour) (all Frankfurt), Michael Schramm, Moritz Rademacher (both Public Law), Tobias Bieber (Antitrust) (all Düsseldorf), Lars Voigt (Real Estate), Thomas Lang and Arvid Morawe (both M&A) (all Frankfurt).
The Waelzholz inhouse legal counsel was Martin Grotthaus, Head of Legal and Insurance.