Overview
Frankfurt, February 8, 2021 – McDermott Will & Emery advised ABL-TECHNIC Entlackung GmbH on the acquisition of Industriebedarf GmbH, a medium-sized company for environmentally friendly paint stripping, in the context of an Asset Deal. The financial terms of the transaction are undisclosed.
Industriebedarf GmbH, founded in 1979 and based in Sulz am Neckar, is a niche company specializing in environmentally friendly paint stripping. Customers include companies from the automotive industry, their suppliers and other companies operating in all areas of surface technology.
The ABL Group, with ABL-TECHNIC Entlackung GmbH as the operational parent company, is a specialist service provider for industrial paint stripping and offers a broad portfolio of services ranging from paint stripping management to disposal and recovery of recyclables. The company is present at 23 locations in 14 countries. The ABL Group has been part of the Rubicon Partners portfolio since 2011.
McDermott previously advised ABL Group and its investment company Rubicon Partners on the successful completion of the refinancing of existing financial liabilities (combined with a growth financing component).
The McDermott team advising ABL-TECHNIC was led by Frankfurt corporate partner Dr. Michael Cziesla, and included Dr. Maximilian Clostermeyer, Dr. Christian Rolf, Isabelle Müller, Tobias Riemenschneider and Elena Platte.
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