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07.04.2016

SKW Schwarz advises Kadant on full acquisition of PAALGROUP

U.S. industrial components manufacturer Kadant took over international PAALGROUP. Kadant acquired all shares in RT Holding GmbH, PAALGROUP’s parent company, for about EUR 51 million.

U.S. industrial components manufacturer Kadant took over international PAALGROUP. Kadant acquired all shares in RT Holding GmbH, PAALGROUP’s parent company, for about EUR 51 million.

A team of SKW Schwarz Rechtsanwälte in Munich advised Kadant on the transaction. SKW Schwarz collaborated closely with Terralex partner firm Reynolds Porter Chamberlain, UK, and other Terralex partners in Europe.

Publicly listed Kadant, based in Westford, Massachusetts provides solutions for process industries. As a global leader in fiber processing, fluid handling, and doctoring, cleaning, and filtration systems, the company develops and manufactures products for industries ranging from paper to plastics and textiles and tires. With approximately 1,800 employees, the company generated 2015 annual sales of US-$390 million.

PAALGROUP is Europe's leading manufacturer of high-performance balers and conveyors. The company was founded in Osnabrück in 1854 and maintains offices in the UK, France, and Spain. PAALGROUP has about 200 employees and generated revenues of EUR 48 million in 2015.

Counsel to Kadant:
SKW Schwarz, Munich: Dr. Sebastian von Wallwitz, LL.M. (Lead, Corporate), Dr. Stephan Morsch (Corporate), Eva Bonacker (Corporate), Heiko Wunderlich, Claudia Schauer (both Tax), Dr. Martin Greßlin (Employment), Caroline Lorenz (Commercial), Dr. Petra Steinheber (Real Estate), Florian Hensel (IP)

Authors

Sebastian Wallwitz

Dr. Sebastian Graf von Wallwitz

Partner

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Stephan Morsch

Dr. Stephan Morsch

Partner

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Eva Bonacker

Eva Bonacker

Counsel

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Heiko Wunderlich

Heiko Wunderlich

Partner

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Martin Greßlin

Dr. Martin Greßlin

Partner

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Petra Steinheber

Dr. Petra Steinheber

Counsel

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