Upon acquiring Adval Tech's Mold Business ("FOBOHA"), the US American Barnes Group is expanding its offering of complex tooling technologies. GvW Graf von Westphalen provided advice with regard to the shares in Germany in the transaction, which was concluded under Swiss law and is still subject to approval by the antitrust authorities.
FOBOHA, headquartered in Haslach, operates three production sites in Germany, Switzerland and China. The company develops and produces complex plastic injection molds for packaging, medical purposes, consumers and use in the automobile industry. The total purchase price for the takeover, which is supposed to be completed this year, is CHF 133 million.
The Barnes Group, a worldwide active company in the aerospace industry, is using the acquisition to strengthen the Molding Solutions Division. The group is one of the leading companies in the sector with around 4,700 employees at 60 locations and sales of USD 1.2 billion.
GvW advised the Barnes Group in Germany with a team under the leadership of the Frankfurt partner Dr Frank Tschesche (transaction lead/tax law/M&A) as well as the partners Dr Markus Sachslehner (M&A), Till Liebau (M&A), Christian Kusulis (antitrust law), Dr Bettina Schmitt-Rady (real estate), Stephan Menzemer (IP) and Anja Dombrowsky (employment law), the associate partner Felix Wolf (M&A) as well as the counsel Dr Daniel Komo (corporate law) and the associates Lars-Olaf Leskovar (tax law), Shari Kind (real estate), Caroline Fündling (employment law) and Ming Yi (China desk).
The Barnes Group is yet another company in the field of aviation which the law firm has advised in an international transaction. In recent years, the clients of the M&A practice at GvW also included, among others, the companies Interturbine, AAR Corp. and B/E Aerospace. The firm is also currently advising a Turkish aviation company in an acquisition in Germany.