Schoenherr has advised Greiner Group member Neveon Holding on the sale of its automotive division consisting of Greiner Perfoam and its subsidiaries to Treves. Wolf Theiss advised Treves.
The transaction remains contingent on regulatory approval.
The Perfoam Group specializes in interior trim and powertrain insulation parts for automobiles.
Neveon is an integrated foam group that offers polyurethane flexible and composite foams for a wide range of applications, from the comfort segment through the transportation sector to a wide variety of specialty applications. It is part of the Greiner Group of companies.
The Treves Group, headquartered in Paris, is a supplier, designer, and manufacturer of acoustic and thermal insulation solutions for the automotive industry.
According to Schoenherr, “the scope of this transaction included Greiner Perfoam in Enns and Linz, Greiner Perfoam at the Tabor and Valasske Mezirici sites in the Czech Republic, Greiner Perfoam Automotive Components in Mexico, and the participation in the two joint ventures Shenyang Greiner Automotive Components and Tianjin Greiner Automotive Components in China. With this transaction, Greiner's foam division Neveon will withdraw from the finished products automotive business and focus on its core foam business in the areas of living & care, mobility, and a wide range of specialty foam applications.”
The Schoenherr team included Austria-based Partners Robert Bachner, Franz Urlesberger, and Constantin Benes, Attorneys at Law Daniel Wadl, Franziska Oczlon, and Johannes Frank, and Czech Republic-based Attorney at Law Michal Jendzelovsky and Associates Verena Krikler and Nikolaus Stepan.
The Wolf Theiss team included Vienna-based Partners Clara Gordon, Christian Mikosch, and Matthias Unterrieder, Counsels Stefan Wartinger, Stefan Horn, and Harald Strahberger, and Associates Julia Male, Nevena Ilic, Dorothea Arlt, Sophie Weber, Miranda Ellison, Julia Moser, Pascal Gstoettner, and Dominik Engel and Prague-based Counsels Tereza Naucova and Tomas Kren, Senior Associates Michal Matous and Sabina Krajickova, and Associate Kamila Webb.