Nitto Denko Corporation (Nitto), a leading global manufacturer of high functional materials for electronics, mobilities and human life applications based in Japan, has entered into an agreement on the acquisition of Britain's Mondi plc's (Mondi) Personal Care Components business (PCC). The PCC unit manufactures a range of components for personal and home care products such as diapers, feminine care, adult incontinence and wipes. The transaction is subject to merger control clearance and other customary closing conditions. Completion is expected in the second half of 2022.
Hengeler Mueller advised Nitto in an integrated team with Japanes law firm Nagashima Ohno & Tsunematsu on the transaction. The team was led by partner Thomas Meurer (M&A, Düsseldorf) and included partners Gunther Wagner (Tax, Munich), Christian Hoefs (Employment, Frankfurt) and Alf-Henrik Bischke (Antitrust, Düsseldorf), counsel Patrick Wilkening (IP/IT) and Anja Balitzk (Antitrust) (both Düsseldorf) as well as associates Maxi Ludwig, Jil Kalender (both M&A, Düsseldorf), Patrick Schmidt (IP/IT), Sebastian Heinrichs (Tax) (both Frankfurt), Vicki Treibmann (Employment) and Christian Jopen (Antitrust) (both Düsseldorf).