Wolf Theiss advises Adeplast in the sale to the Swiss Group Sika

Wolf Theiss has assisted the shareholders of Adeplast, a major Romanian manufacturer of mortars and thermal insulation solutions, a country leader with four industrial platforms located in Oradea, Ploieşti, Roman and Isalniţa, with the signing of a sale purchase agreement for the sale of 100% of the shares to SIKA Group. The transaction is subject to clearance by anti-trust authorities in 4 jurisdictions.

Adeplast generates sales of EUR 110 million with a workforce of over 450 employees. The acquisition will significantly strengthen SIKA’s position in the Romanian construction chemicals market and extend its manufacturing footprint.

“Adeplast’s acquisition by Sika is most certainly a landmark transaction for the Romanian economy. Adeplast represents outstanding Romanian entrepreneurship reaching global strength and visibility once the acquisition will be cleared by the Romanian Competition Council. We have been part of a success story which will be told over generations” said Daniel Stăncescu, CEO of Adeplast.

The Wolf Theiss Bucharest team of lawyers who worked on this complex transaction was led by Partner Ileana Glodeanu (Corporate/M&A – photo) and included Counsel Mircea Ciocîrlea, Associates Luciana Tache, George Ghitu and Cornelia Postelnicu on Corporate /M&A matters, Counsel Adelina Iftime-Blagean on Employment matters, Associates Alexandru Roman and Andrei Sălăgean on Real Estate matters, Associate Nina Lazar on Data Protection matters and Associate Sorin Dumitru on IP matters.