GLADE MICHEL WIRTZ advises Haniel subsidiary ROVEMA on the acquisition of Hassia India
22 July 2020
GLADE MICHEL WIRTZ advises the Haniel subsidiary ROVEMA on the acquisition of Hassia Packaging Pvt. Ltd. (hereinafter "Hassia India"), a specialist for the packaging of powdery, lumpy and liquid products. Up to now, Hassia India was part of the IMA S.p.A. Group and is particularly well established in the mid-price segment in Asia and Africa. By means of this transaction, ROVEMA will be able to further expand its international portfolio and thus, above all, serve the mid-price segment in Asia and Africa, which was of no importance so far, faster and in a more reliable quality. Hassia India generates approx. 77% of its sales with the manufacture and sale of so-called vertical form fill seal machines (VFFS machinery). It has already commissioned around 1,000 such machines in over 30 countries.
With its extremely good service orientation and intensive experience in the field of sustainability, Hassia India fits precisely into the strategic orientation of ROVEMA, says Managing Director Jens Torkel. The sustainable orientation was also a decisive factor for the long-term cooperation of ROVEMA and Hassia India. The long-standing Managing Director of Hassia India K. Ravi is convinced that the interaction of innovation and adaptation of German technologies for the Indian market will enable Hassia India to grant its customers new attractive offers and a plus in technology as well as added value. The approximately 100 employees of Hassia India at the production site in Pune will be taken over.
The transaction demonstrates the long-standing client relationship between Haniel and GLADE MICHEL WIRTZ. GLADE MICHEL WIRTZ has already advised Haniel on the acquisition of the ROVEMA Group in October 2017. Previously, GLADE MICHEL WIRTZ assisted Haniel in the acquisition of Bekaert Textiles (2015) and the two-stage acquisition of Rentokil Inital by the Haniel subsidiary CWS-boco (establishment of the joint venture in 2016/2017 and exit of Rentokil Initital plc in 2019). In 2018/2019, GLADE MICHEL WIRTZ also advised Haniel on the reduction of its stake in METRO AG through the gradual sale to EP Global Commerce.
HANIEL (Inhouse law Duisburg):
Dr Thomas Bentler (Head of General Legal)
GLADE MICHEL WIRTZ (Düsseldorf):
Dr Jan Hermes (Managing Counsel), Dr Andreas Merkner (Partner) – both Corporate; Dr Christian Karbaum (Partner) – Competition
PSA Legal Counsellors:
Priti Suri (Founder Partner), Arya Tripathy (Principal Associate)
About GLADE MICHEL WIRTZ
GLADE MICHEL WIRTZ, with currently 26 lawyers, specialises in the areas of Corporate & Competition. As a focused boutique law firm, GLADE MICHEL WIRTZ from Düsseldorf advises companies listed on the DAX30, MDAX or TecDAX, upscale medium-sized companies, which are often market and technology leaders in their sectors, as well as foreign, globally active groups and investors, both nationally and internationally, on corporate and partnership law, M&As, restructuring and reorganisation, antitrust law, in particular with respect to antitrust fine and merger control proceedings, corporate litigation and compliance issues.
The press release is available for download here: GLADE MICHEL WIRTZ advises Haniel subsidiary ROVEMA on the acquisition of Hassia India