Romania: Schoenherr advises TeraPlast S.A. on the sale of several business lines to Kingspan Group plc

27 July 2020 | press releases

Schoenherr Romania advised TeraPlast S.A. on the sale of its sandwich panel, metallic roof tile and accessories businesses to Kingspan Group plc. The transaction marks the exit of TeraPlast from the shareholdings in Terasteel S.A., Terasteel d.o.o. Serbia, and Wetterbest S.A., as well as their wholly owned subsidiaries Cortina WTB S.R.L. and Terasteel Slovakia SRO.

"We are proud to have assisted TeraPlast S.A. on this M&A transaction. It is always a valuable experience for us to work with strong Romanian companies and to see strategic investors making important moves in the local market. The sophistication of the involved parties was obvious throughout the transaction and made the process run more smoothly for consultants" said Schoenherr corporate/M&A partner Mădălina Neagu, who led the advisory team.

Schoenherr Romania provided comprehensive legal advice on the full range of sell-side M&A legal matters and assisted the seller during the negotiations and on the transaction signing. The transaction is subject to customary approvals and conditions precedent.

The Schoenherr Romania team involved in this transaction was led by Mădălina Neagu (partner) and included Narcisa Oprea (partner); Alexandra Munteanu (senior attorney at law); and Vlad Săndulescu (attorney at law).

TeraPlast is the parent company of the TeraPlast Group – the largest Romanian manufacturer of construction materials. With a history of more than 120 years, the Group is made up of: TeraPlast, TeraSteel Romania and Serbia, Wetterbest, TeraGlass, TeraPlast Recycling and TeraPlast Hungary. TeraPlast was listed on the Bucharest Stock Exchange on 2 July 2008.

Kingspan Group plc is the global leader in high-performance insulation and building envelope solutions. The company is listed on Euronext Dublin and the London Stock Exchange.

legal service:

corporate/m&a

country:

romania