Hengeler Mueller advises CRH on acquisition of Fels from Xella
28. August 2017
CRH plc (CRH) and Xella International S.A. signed an agreement on the sale of Fels to CRH. Fels is one of Europe´s leading suppliers of high quality lime and lime stone products headquartered in Goslar, Germany, and counts approx. 1,000 employees in 11 locations in Germany, the Czech Republic and Russia. In fiscal year 2016, Fels generated revenues of EUR 260 m. The sale is subject to the approval of the antitrust authorities.
CRH is a leading global building materials group employing over 87,000 people in 21 countries and EUR 27.1 bn revenues in 2016.
Hengeler Mueller advised CRH on the acquisition. The Hengeler Mueller team included partners Annika Clauss, Joachim Rosengarten, Frank Burmeister (all M&A, Frankfurt), Fabian Quast (Public Law, Berlin), Thorsten Mäger (Antitrust, Düsseldorf), Martin Klein (Tax, Frankfurt) and counsel Susan Kempe-Müller (IP/IT, Frankfurt) as well as associates Arvid Morawe, Till Wansleben (both M&A), Sonnhild Draack (Labour) (all Frankfurt), Julius Städele, Dr. Carolin Raspé (both Berlin), Moritz Rademacher (Düsseldorf) (all Public Law), Benedikt Migdal (IP/IT, Berlin), Marius Marx (Tax), Talbot Zander (Real Estate) (both Frankfurt) and Christian Dankerl (Antitrust, Düsseldorf).