PwC advises Ardex on the majority acquisition of wedi Group
Cologne, 22nd September 2021
A multidisciplinary team from PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) and PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC Germany) has provided comprehensive advice to Ardex Group with respect to the share purchase agreement (SPA) and the legal, financial and tax due diligence for the acquisition of wedi Group which is the largest acquisition in the history of Ardex. With the acquisition of wedi Group, which is the market leader for waterproof shower and construction systems in Europe and North America, the Ardex Group is expanding its systems expertise.
wedi Group, headquartered in Emsdetten, is a leading manufacturer of innovative system solutions for the individual design of bathrooms and wet rooms and for renovation or new construction. The internationally active system provider with production sites in Germany and the USA has more than 500 employees across the group and is active in more than 50 countries.
Ardex is one of the world market leaders in high-quality building chemicals. As a family-owned company, the company has been pursuing a sustainable growth course for over 70 years. Ardex Group has more than 3,900 employees and is present in more than 100 countries on all continents, with almost full coverage in the core market of Europe. With more than ten major brands, Ardex generates total revenues of more than 930 million euros worldwide.
Advisors to Ardex Group:
Dr. Roland Hens (Cologne, lead), Dr. Fabian Jenderek (Düsseldorf), Verena Riemer (Cologne), Rebecca Lappeßen, Mathilde Poncelet, Gloria Müller (all Düsseldorf), Filipp Dolzanskij (Cologne; all Corporate/M&A), Dr. Frank Degenhardt (Frankfurt), Patrick Kominiak (Düsseldorf; both Employment Law), Konstantin Esch (Düsseldorf; Pensions), Nils Wolfgang Bings (Düsseldorf), Anna Eberwien (Hamburg; both IP/IT); Philipp Römer (Düsseldorf; Data Protection); Mario Lindner (Frankfurt; Real Estate); Jan Gerd Möller (Düsseldorf; Compliance)
Supported by PwC’s international legal network firms in France (Valérie Fluck, Eléonore Guesnerot, Charlotte Balmer, Céline Henches, Mary Alizon, Mathilde Lissonnet), UK (Georgie Blyth, Amit Unadkat, Rosemary Underwood, Shahneela Wallace) and Switzerland (Benjamin Fehr; Laura Fertitta; Raphael Schwab).
Roman Wollscheid, Adam Macht, Mustan Inci (all Düsseldorf)
Oliver Dörfler, Tobias Bredemeyer (all Düsseldorf)
Supported by PwC’s international network firms in the USA.
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