SSW advised LERG Group on acquisition of shares in WeButex
SSW Pragmatic Solutions was LERG Group’s legal advisor during the acquisition of 76% of shares in WeButex Kunststoffbearbeitung GmbH. This is the first foreign acquisition of LERG Group’s, allowing it to strengthen its presence in the DACH countries and expand the services it offers, and at the same time another transaction in which we advised our client.
LERG Group is a leading chemical group in the CEE region. It operates in the production of synthetic resins, films, flexible packaging, colouring agents, plastics and electrical insulating laminates. It employs around 2,000 people.
WeButex is one of the industry leaders in plastics processing and treatment in the DACH countries, based in Bavaria.
With the acquisition of the shares in WeButex, LERG Group is pursuing the next step in its growth strategy of building a strong position in the region and expanding its value chain.
Legal advisory services on the part of SSW Pragmatic Solutions were provided by: Paweł Chyb, Marcin Czaprowski, Leszek Cyganiewicz, Maciej Korzon.
We congratulate our client on another transaction.
We would like to thank for cooperation Pekao Investment Banking – the exclusive transactional advisor of LERG Group and the law firm GÖRG, which advised LERG Group on German law aspects.
We also thank the sellers – the shareholders of WeButex and Ferox Legal, the legal advisor to the sellers.