PwC Legal advises principal shareholder and TRICOR AG on sale of TRICOR Group to Rengo subsidiary Tri-Wall
Transaction advisory services for principal shareholder in TRICOR Packaging & Logistics AG from PwC Legal
Munich, August 9th 2019
Rengo Co. Ltd. (Osaka, Japan) has acquired TRICOR Packaging & Logistics AG (Bad Wörishofen, Bavaria) via its subsidiary Tri-Wall Limited (Hong Kong). PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) provided comprehensive advisory services to TRICOR Packaging & Logistics AG and its principal shareholder throughout the transaction process, in particular on negotiating and signing all contract documentation.
The purchase price is subject to a non-disclosure clause agreed by the parties. The deal is expected to be completed by the end of this month.
TRICOR Packaging & Logistics AG is Europe’s leading manufacturer of both standardised and customer-specific industrial and heavy-duty corrugated fibreboard packaging solutions. The company’s sales in the last fiscal year were around €187m and it has over 900 employees. It is based in Bad Wörishofen in Bavaria’s Lower Allgäu region.
Tri-Wall Limited, a Rengo Group company based in Hong Kong, is a leading global provider of packaging solutions. The Rengo Group’s consolidated sales in the last fiscal year were around €5.5bn.
Advisors to TRICOR AG
Dr Nikolaus Schrader (Partner, team lead) – Munich/Hamburg, Marc Hildebrand (Senior Manager), Benjamin Bandur, Aurelia Bornstein (both Associates) – Munich, all Corporate/M&A; Dr Nils Gildhoff (Senior Manager) – Hamburg, antitrust law; Marcel Jeske (Manager) – Berlin, Real Estate.
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