PwC advises Arbonia on the acquisition of GVG Deggendorf
Munich/Stuttgart, 10th September 2021
A multidisciplinary team from PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) and PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC Germany) has provided comprehensive advice to Arbonia Deutschland GmbH on the acquisition of Glasverarbeitungs-Gesellschaft Deggendorf mbH (GVG Deggendorf).
GVG Deggendorf is one of Germany’s leading glass processing companies in the segments single-pane safety glass and laminated safety glass. With currently around 160 employees, GVG Deggendorf – which previously belonged to the French Saint-Gobain Group – produces more than 1 million square meters of high-quality glass products annually.
Arbonia Deutschland GmbH is a company of the publicly listed Arbonia Group with headquarters in Arbon, Switzerland. Arbonia is a focused building components supplier with two divisions active in indoor climate (heating, ventilation and air conditioning) and interior doors made of wood and glass. Arbonia operates worldwide with its own distribution companies as well as offices and partners in more than 70 countries. Its main production sites are located in Switzerland, Germany, the Czech Republic, Poland, Serbia, Russia, Italy, Belgium, and the Netherlands. A total of around 6,000 employees work for the Arbonia Group.
With the acquisition of GVG Deggendorf, the Glass Solutions Business Unit of Arbonia’s Doors Division is integrating the processing of its most important raw material, glass, into its own production processes, thereby increasing its vertical value chain.
Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets and is represented in 70 countries with more than 167,000 employees.
Advisors to Arbonia Deutschland GmbH:
Dr. Steffen Schniepp, Robert Dorr, Dr. Thomas Wenninger, Hildegard Günzel, Xenia Künstler, Felix Boehringer, Dominik Silasko (all Corporate / M&A); Arne Ferbeck, Dr. Frank Degenhardt, Rainer Glaschy, Stefanie Spatz (all Labour Law); Susanne Zühlke, Justus Lucka (both Antitrust)
PwC Germany (Transactions Advisory):
Nicole Moser, Andreas Gernand, Dr. Andreas Kreß (all Deals Transactions); Dr. Andreas Klug, Dr. Agnes Marta Adamski (both P&O Pensions); Thorsten Schnieders, Katharina Wachter (both Real Estate Valuation); Andreas Kunz, Johannes Stöcklein (both Capital Markets and Accounting Advisory)
PwC Germany (Tax):
Daniel Windsheimer, Bernd Niedermayer (both Deals Tax), Marcel Jundt (Indirect Taxes Deals), Friederike Mostler (Real Estate Tax)
About PwC Legal:
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. More than 220 lawyers at 18 locations. Integrated legal advice for the practice.
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 155 countries with over 327,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.