GLADE MICHEL WIRTZ advises Crosby Group on the acquisition of Feubo

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February 26th, 2021

GLADE MICHEL WIRTZ has advised Crosby Group (Crosby) on the acquisition of Schmiedestück-Vertrieb Feuerstein (Feubo), Hattingen/Germany, a global leader in innovating, developing, and selling offshore mooring components for the oil and gas and wind energy markets.

Oliver Feuerstein, the CEO of Feubo, will continue to lead the Feubo team and operation. The facility in Hattingen will become the key engineering and innovation center as well as Crosby's center of excellence for mooring components. Feuerstein said that the acquisition was an exciting new chapter for the company, its employees as well as its customers. With Crosby’s global presence, Feubo will be put into the position to increase its reach and increase the pace of innovation. He also added Crosby and Feubo shared the same values: safety, reliability and innovation.

Crosby intends to expand its offshore product portfolio and end market reach with this acquisition. Feubo's position as a leader and innovator in mooring components, and the opportunity to leverage its world-class engineering and innovation competency, made this acquisition a compelling addition to Crosby.

US-based Crosby Group is the globally leading manufacturer of premium accessories used in lifting, rigging, and securement applications. The company has the reputation around the world for providing a broad range of products suitable for the most demanding of operating conditions with uncompromising quality. With the acquisition of Feubo, the company adds kenter shackles, anchor shackles, swivels, sockets and other accessories.

GLADE MICHEL WIRTZ is delighted to have accompanied Crosby's first acquisition in Germany.

Advising lawyers

GLADE MICHEL WIRTZ (Düsseldorf):
Dr. Jan Hermes (Managing Counsel – Federführung), Carsten Lamberth (Associate)

GLADE MICHEL WIRTZ hat in dieser Transaktion mit folgenden Partnerkanzleien zusammengearbeitet:

held jaguttis Rechtsanwälte, Öffentliches Recht: Dr. Simeon Held
KLIEMT.Arbeitsrecht: Dr. Alexander Ulrich
Hoyng ROKH Monegier, IP: Thomas Schmitz

The press release is available for download here.

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About GLADE MICHEL WIRTZ

GLADE MICHEL WIRTZ, with currently approx. 30 lawyers and a total of approx. 60 legal and non-legal employees, specializes in the areas Corporate & Competition, as well as in the fields of M&A, litigation, and compliance. As a focused boutique law firm, GLADE MICHEL WIRTZ advises, nationally and internationally, companies listed on the DAX, MDAX or TecDAX, medium-sized companies as well as foreign, globally active groups and investors in corporate law, on mergers and acquisitions, on restructuring and reorganization, in cartel fine and merger control proceedings as well as on compliance issues. In the area of litigation, the focus is on resolving conflicts under corporate law, capital markets law and antitrust law.

For further information please contact: (V.i.S.d.P.)