Zurich, January 2024 | A team of CMS Switzerland under the lead of Stefan Brunnschweiler and Samuel Felix Gang provided comprehensive advice to the sole shareholder on all legal aspects regarding the sale of Argolite AG to SWISS KRONO Group. The team further consisted of Sibylle Schnyder, David Hürlimann, Andrea Relly, Ferdinand Blezinger, Dominik Penkov and Alexander Salamon.
Argolite AG, which was founded in 1937 and operates out of Willisau (Switzerland), has been producing laminates since 1953 and is the only Swiss manufacturer of HPL (High Pressure Laminate) in accordance with the EN438 quality standard, having around 80 employees.
Founded in Menznau (Switzerland) in 1966, the SWISS KRONO Group is one of the world's leading manufacturers of wood-based materials and stands for sustainable and innovative solutions in the Flooring, Interiors and Building Materials business. SWISS KRONO focuses on recyclable materials for living and working environments. As a preferred partner, SWISS KRONO enables its customers to grow with green building materials. Founded as a family business, the Group is wholly owned by Ines Kaindl-Benes.
For the SWISS KRONO Group, the acquisition offers synergies and growth opportunities in an increasingly competitive market and also represents a clear commitment to the home market and the location in Switzerland. Despite the acquisition by the SWISS KRONO Group, Argolite AG will retain its legal independence, the Willisau site and the jobs there.
The parties have agreed not to disclose the purchase price of the transaction.
CMS Switzerland
- Stefan Brunnschweiler, LL.M., Managing Partner, Head Corporate/M&A
- Samuel Felix Gang, LL.M., Senior Associate, Corporate/M&A
- Andrea Relly, Counsel, Corporate/M&A
- Dr Ferdinand Blezinger, LL.M., Senior Associate, Corporate/M&A
- Alexander Salamon, Attorney Trainee, Corporate/M&A
- Dr Sibylle Schnyder, LL.M., Partner, Real Estate
- David Hürlimann, Managing Partner, Tax
- Dominik Penkov, Associate, Tax
