CMS has advised plastic packaging and recycling company Alpla on its acquisition of the Wolf Plastics Group. Binder Groesswang advised the sellers on the deal.
The transaction remains contingent on regulatory approval.
Alpla is an Austria-headquartered international company active in plastic packaging solutions. Wolf Plastics is an Austrian company with three independent production facilities located in Austria, Hungary, and Romania. According to CMS, "Wolf Plastics is one of the market leaders in its field in Central and South-eastern Europe ... specialized in producing plastic containers and canisters for the construction, chemical, and food industries for decades."
"Wolf Plastics has decades of experience in product areas in which we want to increase our representation in order to expand our portfolio and grow in Central and South-Eastern Europe," said Alpla CEO Philipp Lehner.
"Sustainability is becoming more and more important in the market segments covered by Wolf Plastics too. This is precisely where we at Alpla can apply our expertise and our market position," added Alpla Regional Manager CEE Rainer Widmar.
The CMS team was led by Partner Alexander Rakosi and included Austria-based Partners Dieter Zandler, Jens Winter, Robert Keisler, and Sibylle Novak, Counsel Hans Lederer, Attorneys Johannes Scharf, Marie-Christine Lidl, and Florian Mayer, and Associates Anna Hiegelsperger, Christoph Birner, Thomas Liegl, Vanessa Horaceck, Marlene Wimmer-Nistelberger, Mariella Kapoun, and Andreas Lichtenberger; Romania-based Partner Horea Popescu, Counsels Claudia Nagy and Mircea Moraru, Senior Associates Elena Andrei, Raluca Ionescu, and Alexandru Dumitrescu, Associates Simona Strava, Cristina Ciomos, and Catalin Vasile, and Junior Associate Eduard Roventa; and Hungary-based Partner Aniko Kircsi, Senior Counsels Szilvia Kabacs and Marton Domokos, Senior Associates Laszlo Jokay, Dorottya Varga-Giesz, Istvan Tamas Rigo, Gabor Kutai, Miklos Boros, and Boglarka Peszeki, and Associates Mark Molnar and Zsolt Zsurzsa.
The Binder Groesswang team was led by Partner Florian Khol and included Senior Associate Christoph Schober.