SCWP Schindhelm has advised the Wopfinger Group on the acquisition by group member Baumit Beteiligungen GmbH of 100% of the shares in w&p Baustoffe GmbH from Wietersdorfer Group. Closing of the deal remains contingent on the authorization of Austria's Federal Competition Authority. The Wietersdorfer Group's team was led by in-house lawyers Bruno Nagele and Daniel Schutzenauer.
According to SCWP Schindhelm, "Schmid Industrieholding GmbH is a diversified industrial operator in the fields of construction material with its seat in Lower Austria, Waldegg/Wopfing. In 2016 the Group — consisting of over 5100 employees — generated sales of EUR 1.4 billion. Schmid Industrieholding GmbH combines over 90 companies in 22 countries, including, inter alia, Baumit Beteiligungen GmbH, Wopfinger Baustoffindustrie, Austrotherm, Murexin, Lorencic, and Wolf Plastics."
SCWP Schindhelm Partner Thomas Ruhm, who led the firm's team on the deal, commented that: “Baumit is one of the market leaders in the fields of construction material. Baumit operates in the entire CEE. We at SCWP Schindhelm were pleased to legally advise the Wopfinger Group on this significant international transaction.”
Ruhm was assisted by SCWP Schindhelm lawyers Philipp Reinisch and Peter Tutsch.