Hengeler Mueller advises insolvency administrator on sale of crenox GmbH in administration
11. June 2012
The administrator of the insolvent crenox GmbH, Eberhardt Stock, has concluded an asset deal agreement with Sachtleben Pigment GmbH and its parent company Sachtleben GmbH on the sale of the entire business of crenox GmbH to Sachtleben Pigment GmbH. The closing of the transaction is subject to approval by the relevant cartel authorities in Germany and Austria.
crenox Ltd. is a specialty chemicals manufacturer, which is particularly active in development, manufacturing, marketing and distribution of sulphate-based high-performance titanium dioxide. The Sachtleben Group is, inter alia, a manufacturer of high-quality chemical products, in particular, titanium dioxide and functional additives.
Hengeler Mueller has advised the insolvency administrator on this transaction. The Hengeler Mueller team included partners Axel Baumanns (Corporate/M&A, Düsseldorf) and Alf-Henrik Bischke (Competition, Brussels) as well as associates Sven Greulich (Corporate/M&A), Christian Schröder, Eva Maria Christine Frankenberger (both IP) (all Düsseldorf) and Katharina Gebhardt (Labour, Frankfurt).