Hengeler Mueller advises Felix Schoeller Group on joint venture in China
26. January 2017
The Felix Schoeller Group, a specialty paper manufacturer headquartered in Osnabrück, Germany, has on 18 January 2017 entered into an agreement to establish a 50/50 joint venture with the Welbon Group, Hangzhou/China, under the name Winbon Schoeller New Materials Co. Ltd. The joint venture will be focused on production of specialty papers in China. The company is intended to take a leading position in its field in the Asia-Pacific region in the coming years. The joint venture's headquarters are in Longyou in China's Zhejiang province.
Hengeler Mueller advised Felix Schoeller Group on the transaction together with Chinese law firm Fangda Partners. The Hengeler Mueller team included partners Christian Möller (M&A, Düsseldorf/Shanghai) and Wolfgang Kellenter (IP, Düsseldorf), as well as associates Tianyuan Zhuang and Li Wang (both M&A, Shanghai). The Fangda Partners team included partner George Xu as well as associate Jason Xu (both Shanghai).