Peter Möhrle Holding, GP Capital UG and further shareholders have entered into an agreement on the sale of Specialized Industrial Coatings Holding (SIC group) to an affiliated company of US The Sherwin-Williams Company. The business solutions portfolio of SIC group, comprising Oskar Nolte GmbH and Klumpp Coatings GmbH and their subsidiaries, includes foil coatings as well as radiation-cured and waterbased coatings for the board, furniture and flooring industry. Operating in Europe, Asia and South America, the business employs around 220 people and has an annual turnover of approx. EUR 100 million. Closing of the transaction is subject to customary conditions.
Hengeler Mueller advised the sellers around Peter Möhrle Holding and GP Capital UG on the transaction. The team included partners Kai-Steffen Scholz (Corporate/M&A, Berlin), Christoph Wilken (Antitrust, Brussels), Fabian Quast, Jan Bonhage (both Public Law, Berlin) and Markus Ernst (Tax, Munich), counsel Alexander Bekier (Corporate/M&A), Erasmus Hoffmann (Public Law) (both Berlin) and Andrea Schlaffge (IP/IT, Düsseldorf) as well as associates Kamilla Zembala-Börner (Antitrust, Brussels), Tobias Schwab (Tax, Munich), Tom Pleiner and Anton Petrov (both Public Law, Berlin).