PwC Legal advises principal shareholder and TRICOR AG on sale of TRICOR Group to Rengo subsidiary Tri-Wall
Transaction advisory services for principal shareholder in TRICOR Packaging & Logistics AG from PwC Legal
Munich, August 9th 2019
Rengo Co. Ltd. (Osaka, Japan) has acquired TRICOR Packaging & Logistics AG (Bad Wörishofen, Bavaria) via its subsidiary Tri-Wall Limited (Hong Kong). PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) provided comprehensive advisory services to TRICOR Packaging & Logistics AG and its principal shareholder throughout the transaction process, in particular on negotiating and signing all contract documentation.
The purchase price is subject to a non-disclosure clause agreed by the parties. The deal is expected to be completed by the end of this month.
TRICOR Packaging & Logistics AG is Europe’s leading manufacturer of both standardised and customer-specific industrial and heavy-duty corrugated fibreboard packaging solutions. The company’s sales in the last fiscal year were around €187m and it has over 900 employees. It is based in Bad Wörishofen in Bavaria’s Lower Allgäu region.
Tri-Wall Limited, a Rengo Group company based in Hong Kong, is a leading global provider of packaging solutions. The Rengo Group’s consolidated sales in the last fiscal year were around €5.5bn.
Advisors to TRICOR AG
PwC Legal:
Dr Nikolaus Schrader (Partner, team lead) – Munich/Hamburg, Marc Hildebrand (Senior Manager), Benjamin Bandur, Aurelia Bornstein (both Associates) – Munich, all Corporate/M&A; Dr Nils Gildhoff (Senior Manager) – Hamburg, antitrust law; Marcel Jeske (Manager) – Berlin, Real Estate.
About PwC Legal Business Solutions:
In our global, rapidly changing business world, cooperation, restructuring, transactions, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether a globally active company, a public corporation or a wealthy private individual, every client has a personal contact at our firm who supports them responsibly in all matters of commercial law. In this way, we help our clients to secure their economic success in the long term.
PwC Legal Business Solutions in Germany. More than 300 lawyers at 18 locations. Integrated, tech-powered legal advice.
