Global law firm Dentons has advised Bachl Group on the sale of its stone wool plant in Ronneburg (Thuringia) to the Irish building materials manufacturer Kingspan Group. The takeover will allow Bachl to concentrate more on its core business. Kingspan intends to use the acquisition to further expand its capacities and complete its range of insulation materials on the market. The parties have agreed not to disclose the purchase price.
Bachl Group employs more than 3,000 people and, in addition to its German production facilities, also operates plants and trading subsidiaries in Austria, the Czech Republic, Hungary, Italy, Poland, Romania and Croatia. The group focuses on insulation and plastics processing; the production of building materials, building elements and precast concrete; building construction and civil engineering; road construction; and turnkey industrial and commercial construction.
A Dentons team led by partner Dr Volker Junghanns and counsel Hilke Schmitt advised the client on all aspects of the transaction.
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