CMS Hasche Sigle advises Ilim Timber on acquisition of two sawmills from Klausner Group

Hamburg - Russian timber producer Ilim Timber Industry has acquired two of the largest and most efficient sawmills and planing facilities in Europe, located in Wismar and Landsberg/Bavaria, from the Klausner Group. The transaction involves the acquisition of three companies, along with the site of a former sawmill in Adelebsen/Lower Saxony. The share transfer has been completed. The acquisition will boost Ilim Timber's production capacity and expand its access to major sales markets in Europe, North America, Asia and Australia.

A cross-border CMS team led by partners Dr Ludwig Linder, Dr Jan Schepke and David Cranfield advised on all aspects of the transaction in conjunction with colleagues from CMS Hasche Sigle, CMS Russia, CMS Reich-Rohrwig Hainz and CMS von Erlach Henrici.

Ilim Timber is Russia’s leading manufacturer of sawn wood, timber products, plywood and fibreboard. The companies acquired by Ilim Timber employ around 530 people. The sawmills have an output of more than 2 million solid cubic metres a year.

Advisers CMS Hasche Sigle:
Dr Ludwig Linder, M&A, overall coordination
Dr Jan Schepke, M&A, overall coordination
Dr Sebastian Orthmann, Corporate, Real Estate, Due Diligence
Dr Markus Schöner, Competition, Merger Control
Dr Eckhart Gottschalk, Corporate, Due Diligence
Dennis Stanek, Corporate, Due Diligence
Dorothée Janzen, Commercial, Due Diligence
Dr Tobias Wagner, Employment Law, Due Diligence
Dr Thomas de la Motte, Financing, Due Diligence
Dr Heinz Weidt, Financing
Marcus Fischer, Tax
Dr Oliver Freitag, Public Law, Due Diligence
Dr Winfried Veil, Public Law, Due Diligence

Advisers CMS Russia (Moscow):
David Cranfield, M&A, overall coordination
Catherine Byers, M&A
Leonid Zubarev, M&A
Andrey Zavalishin, M&A
Ernest Agayan, M&A

Advisers CMS Reich-Rohrwig Hainz (Vienna):
Dr Peter Huber, M&A, Due Diligence
Dr Alexander Rakosi, M&A, Due Diligence
Dr Günther Hanslik, Financing
Dr Johanna Höltl, Corporate, Due Diligence

Advisers CMS von Erlach Henrici (Zurich):
Dr Max H. Albers, Corporate
Nicolas Loepfe, Corporate