The proposed transaction, which would be subject to customary approvals and conditions, including regulatory clearances, encompasses the extruded polystyrene (XPS) manufacturing and commercial activities currently operated under the URSA brand at four production sites: Bondeno in Italy, El Pla in Spain, Queis in Germany and Saint-Avold in France. It also includes associated commercial activities serving customers across Western and Central Europe.
The contemplated acquisition represents an important milestone in Austrotherm’s long-term growth strategy and would represent an expansion of its existing production network for XPS insulation materials and highly complementary addition to its existing XPS platform and a strong basis for further long-term development. Furthermore, it would accelerate Austrotherm's ambitions to reduce CO₂ emissions across its European production sites, including through investments in XPS recycling technology and the transition towards recycled raw materials, in line with the EU's climate targets under the European Green Deal and the Fit for 55 package.
Alexander Rakosi, Partner Corporate M&A at CMS Vienna and lead partner of the international CMS team, comments: “We are pleased to accompany Austrotherm/Schmid Industrieholding on this strategically significant project. A multi-jurisdictional acquisition with distinct local legal and operational specifics requires in-depth substantive expertise as well as the precise coordination of numerous legal and operational workstreams. The transaction underscores the strength of our international CMS M&A practice and our ability to deliver integrated advice on projects of this scale and complexity.”
The international CMS team led by the core transactions team of Alexander Rakosi (Partner, Corporate/M&A), Marie-Christine Lidl (Counsel, Corporate/M&A) and Felix Kasseroler (Associate, Corporate/M&A) comprised multidisciplinary experts from CMS offices in Austria, Germany, Spain, Italy and France.
The Schmid Industrieholding (SIH) team is led by Franz Forstik (Head of M&A, SIH) and Stefan Führer (General Counsel, SIH).
CMS Austria core team:
Alexander Rakosi, Lead Partner | Corporate/M&A
Marie-Christine Lidl, Counsel | Corporate/M&A
Felix Kasseroler, Associate | Corporate/M&A
CMS Austria additional team members:
Anna Hiegelsperger, Lawyer | Corporate/M&A
Yara Al-Harbi, Associate | Corporate/M&A
Ismail Elmursajev, Associate | Banking & Finance
Valentin Ölz, Associate | Corporate/M&A
Oliver Werner, Partner | Compliance
CMS Germany core team:
Heike Wagner, Lead Partner | Corporate/M&A
Tobias Kilian, Lead, Principal Counsel | Corporate/M&A
Reiner Thieme, Senior Associate | Corporate/M&A
CMS Germany additional team members:
Carsten Menebröcker, Partner | Intellectual Property
Lisa Hermann, Senior Associate | Labor, Employment & Pensions
Lydia Margarethe Blaseio, Senior Associate | Public Law & Procurement
Claudia Böhmer, Counsel | Intellectual Property
Carsten Domke, Partner | Labor, Employment & Pensions
Jonas Hötzel, Senior Associate | Labor, Employment & Pensions
Carsten Menebröcker, Partner | Geistiges Eigentum
Lisa Hermann, Senior Associate | Arbeitsrecht
Lydia Margarethe Blaseio, Senior Associate | Öffentliches Recht und Vergaberecht
Claudia Böhmer, Counsel | Intellectual Property
Carsten Domke, Partner | Arbeitsrecht
Jonas Hötzel, Senior Associate | Arbeitsrecht
Team CMS Italy:
Daniela Murer, Lead Partner | Corporate/M&A
Alessandra Cuni, Counsel | Corporate Governance
Edoardo Pallardo, Associate/Corporate/M&A
CMS Italy additional team members:
Paolo Scarduelli, Partner | FDI
Massimo Alpigiani, Counsel | FDI
Alessandra Boati, Counsel | Employment
Pasquale Distefano, Senior Associate | Data Protection
Martina Bignone, Senior Associate | Compliance
CMS Spain core team:
Elena Alcazar, Lead Partner | Corporate/M&A
Luis Miguel DeDios, Lead Partner | Corporate/ M&A
Alejandro Rodríguez Taboada, Lawyer | Commercial Law
CMS Spain additional team members:
María Peña Blasco, Lawyer | Intellectual Property
Juan Egea Díaz, Lawyer | Labor, Employment & Pensions
Tomás Herrero Pina, Lawyer | Intellectual Property
Ana López Bermejo Lawyer, | Public Law
Ricardo Héctor Lorca, Partner | Tax
Claudia Padilla Hernández, Lawyer | Tax
Lola Emily Reeder, Lawyer | Commercial Law
Borja Reig Diaz Casariego, Lawyer | Commercial Law
Álvaro Suárez López, Laywer | Real Estate
Borja Vázquez, Counsel | Banking & Finance
Team CMS France core team:
Benoît Gomel, Lead Partner | Corporate/M&A
Alice Evano, Lead associate | Corporate/M&A
Vincent Desbenoit, Associate | Corporate/M&A
Aurélie Parchet, Counsel | Labor, Employment & Pensions
CMS France additional team members:
Claude Kaneda, Associate | Commercial Law
Elisa Vignier, Associate | Labor, Employment & Pensions
Florence Duprat-Cerri, Counsel | Labor, Employment & Pensions
Guillaume Roche, Associate | Tax
Jean-Baptiste Thiénot, Partner | Intellectual Property
Marie-Salomé Desbats, Associate | Intellectual Property
Thomas Bos, Associate | Banking & Finance
Audrey Pichon-Varesio, Associate | Public Law
Candice Barreiro, Associate | Intellectual Property
About Austrotherm
Austrotherm is one of Europe's most renowned insulation specialists and has been family-owned since its foundation in Austria in 1953. The Austrotherm Group operates 34 production sites in 14 countries and employs approximately 1,500 people. Austrotherm is recognized as a pioneer in EPS and XPS insulation and maintains a strong strategic focus on energy-efficient and sustainable insulation solutions. Austrotherm is part of the Schmid Industrie Holding group, which employs around 6,800 people.
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