Mayer Brown has advised stock exchange-listed INDUS Holding AG on the sale of 100 percent of the shares of WIESAUPLAST GmbH & Co. KG and all its subsidiaries to the SCHERDEL Group. The parties have agreed not to disclose the purchase price.
WIESAUPLAST Group, which has been a member of the INDUS Group since 1997, employs approximately 500 people and produces high-precision technical parts for the automotive engineering industry from sites in Germany and Mexico. The supplier generates annual sales revenues of around EUR 50 million. The sale is subject to approval by the antitrust authorities.
SCHERDEL Group, a family-owned company with more than 6,000 employees across 32 locations worldwide, is a leader in the field of metal-forming, with core competence in the production of engineering springs, vehicle components and parts for the medical market.
INDUS Holding AG is an SME holding company with a portfolio of 47 companies focused on construction and infrastructure, automotive technology, mechanical and plant engineering, medical engineering and life sciences, and metals technology.
The Mayer Brown team was led by Corporate & Securities partner Carsten Flaßhoff and included associate Wolfgang Löffler (both Düsseldorf).