Home / Press / CMS Hasche Sigle advises on sale of meurer Group to...

CMS Hasche Sigle advises on sale of meurer Group to ITW

05/06/2013

Frankfurt/Main – The meurer Group, which is based in the Lower Saxony town of Fürstenau, is being acquired in full by ITW LLC & Co. KG, a subsidiary of the US Illinois Tool Works Group (ITW). The CEO, sole shareholder and co-founder of the German final packaging specialist, Christel Meurer, is selling all the shares to the Glenview-based conglomerate. The transaction is awaiting approval from the competition authorities.

The sale was preceded by a competitive bidding process structured by UBS Deutschland's Corporate Advisory Group. This process involved parallel negotiations with several participants up until agreement was reached with ITW. A CMS Hasche Sigle team led by lead partner Dr Hendrik Hirsch advised the seller on all legal aspects of the transaction and provided relevant support.

The meurer Group, established in 1969, develops, produces and sells innovative high-quality packaging machines. Around 600 employees work at the sites in Fürstenau and Freren. The machinery is mainly destined for secondary packaging (distribution and transportation packaging). The portfolio of machines also comprises storage systems, conveyors and palletising equipment, which are positioned upstream or downstream of the packaging machinery. Customers are mostly from the beverages, food, pharmaceutical and cosmetics industries. The meurer Group will retain its company name and be integrated into the Global Packaging Solutions division at ITW.

The ITW Group was established in 1912 and is traded on the NYSE. It comprises more than 800 companies around the world with almost 65,000 employees, engaged in machinery and industrial plant, tools, chemical products, packaging and transport. Worldwide sales in the 2012 financial year were just under USD 18 billion.

CMS Hasche Sigle

Dr Hendrik Hirsch, Corporate, M&A, Lead Partner
Dr Holger Pattberg, Corporate, M&A
Dr Tobias Kilian, Corporate, Due Diligence
Dr Klaus Heuvels, Environment
Stefan Lehr, Competition
Marcus Fischer, Tax
Petra Goldenbaum, Trademark Law
Yvonne Hoffmann, Employment
Dr Ann-Katrin Bartlik, Employment, Due Diligence

Press Contact
[email protected]

Publication
Press Release Meurer, 05/06/2013
Download
PDF 203 kB

Related people

Hendrik Hirsch
Dr. Hendrik Hirsch
Partner
Frankfurt
Tobias Kilian
Dr. Tobias Kilian
Of Counsel
Frankfurt
Stefan Lehr
Stefan Lehr
Partner
Frankfurt
Petra Goldenbaum
Petra Goldenbaum
Counsel
Hamburg
Yvonne Wolfgramm
Yvonne Wolfgramm
Partner
Frankfurt
Ann-Katrin Höflich-Bartlik
Dr. Ann-Katrin Höflich-Bartlik
Counsel
Frankfurt
Dr. Holger Pattberg
Dr. Klaus Heuvels
Marcus Fischer, Dipl.-Finanzwirt (FH)
Show more Show less