Schoenherr, in cooperation with Moravcevic Vojnovic and Partners, has advised Greiner Packaging International on its acquisition of Serbian PET flake producer Alwag from Aling-Conel and Reiwag Facility Services. The Stanivukovic law office advised majority shareholder Aling-Conel on the sale.
Greiner has been developing and producing rigid plastic packaging for 60 years.
According to Schoenherr, “with this acquisition, Greiner is expanding its business model across the value chain and has now added the reprocessing of recyclable materials to its operations. Some recycled materials, all of which previously had to be brought in from external suppliers, will now be produced in-house. The group is also adding to its expertise in the recycling sector and will be able to gradually prolong the lifecycles of its products.”
"Taking this step makes recycling an integral part of our business model," said Greiner Packaging CEO and Greiner AG COO-elect Manfred Stanek.
Schoenherr’s team included Serbia-based Partners Luka Lopicic and Danijel Stevanovic, Attorney at Law Djordje Trifunovic, and Associate Pavle Eric and Austria-based Attorney at Law Michael Marschall and Associate Lukas Pirringer.
The Stanivukovic team included Managing Partner Goran Stanivukovic, Senior Partner Sinisa Colevic, and Junior Partners Sara Mikitisin and Milos Smajic.