SSW Pragmatic Solutions advised LERG on the acquisition of CIECH Żywice

LERG S.A. is a leading Polish resin manufacturer. Aside from producing and exporting resins, the company also owns its own R&D facilities and cooperates with multiple research centres. The company is growing rapidly and, in the last few years, has established a strong, diversified chemical group with a global presence.

CIECH Żywice is another leading Polish resin manufacturer, with almost a thousand products in its portfolio. The company has a significant presence in foreign markets, with approximately 50% of its sales coming from exports. It also owns a R&D centre. CIECH Żywice was separated from CIECH Sarzyna at the beginning of 2020, as part of the CIECH Group’s strategy to simplify the group structure and focus on growing its main business. 

The value of the transaction, based on the purchase price of shares, is approximately PLN 160 million (EUR 36 million). 

Congratulations to both parties of the transaction and special thanks to our client, Pekao Investment Banking Team (Wojciech Perek, Radoslaw Sienicki, Mateusz Wilczyński), and Tomasz Bil for great teamwork! We would also like to express our thanks to CIECH Group team and their advisors (Sołtysiński Kawecki & Szlęzak and Rothschild & Co) for their cooperation.

The project required a multidisciplinary approach – the SSW M&A team was led by Paweł Chyb, the tax team was led by Tomasz Wickel, the environmental law team was led by Anita Palukiewicz, while the real estate team was led by Maciej Duch.

The project team also included other key members: Leszek Cyganiewicz, Katarzyna Matyszewska (both from the M&A practice) and Robert Wodzyński (Real Estate practice).