Schoenherr has advised the TeraPlast Group on its acquisition of the Wolfgang Freiler Group from Austria's Uhl family.
The Romania-based TeraPlast Group is a polymer processor in South-Eastern Europe. Its member company TeraPlast SA is listed on the Bucharest Stock Exchange. The transaction included production facilities in Hungary as well as a distribution division in Hungary, the Czech Republic, Austria, Germany and France.
"The acquisition extends and complements TeraPlast Group's product portfolio, facilitating the access to new, high potential markets in Central and Western Europe," Schoenherr announced. "Polytech and Pro-Moulding, the two subsidiaries of the Wolfgang Freiler Group, carry out production activities in Hungary, while Freiler oversees the distribution activity. Polytech manufactures pipes for the protection of electrical cables and optical fibres while Pro-Moulding specialises in plastic injection."
The Schoenherr team was led by Markus Piuk and included Hungary-based Partner Kinga Hetenyi, Attorneys at Law Mark Kovacs, Adrian Menczelesz, and Aron Hegyi, and Associate Noemi Suller; Romania-based Partner Narcisa Oprea and Senior Attorney at Law Cristina Tudoras; and Austria-based Associate Alexandra Jelinek.
The firm did not respond to our inquiry on the matter.