Gleiss Lutz has advised The Coatinc Company, one of Germany’s oldest family-run businesses, and its owners, the Niederstein family, on the full reacquisition of the company.
The 49% stake in The Coatinc Company Holding GmbH previously held by British company B.E. Wedge Holdings has been repurchased in full. To finance the purchase price, the group sold a number of galvanising plants in Germany and minority shareholdings in Czechia, Slovakia, the Netherlands and Turkey. Going forward, the group will employ around 1,000 employees and is expected to generate sales of around EUR 180 million.
The Coatinc Company specialises in steel and metal surface finishing. Its origins date back to 1502, making The Coatinc Company one of the oldest family-owned businesses in Germany. Paul Niederstein currently heads the company in its 17th generation of family ownership.
The following Gleiss Lutz team under the joint leadership of Dr. Thomas Menke (partner) and Dr. Fabian Mumme (both M&A, both Düsseldorf) advised the company and the Niederstein family and provided comprehensive assistance throughout the entire process:
Dr. Ocka Stumm (partner, Frankfurt), Dr. Hanna Datzer (Düsseldorf, both Tax), Konrad H. J. Discher (counsel, Real Estate, Frankfurt), Dr. Steffen Krieger (partner), Dr. Florian Wieg (both Employment), Dr. Jacob von Andreae (partner), Aylin Hoffs (counsel, both Public Law), Dr. Martin Raible (partner), Anne Verheyen (Competition/Antitrust, Merger Control), Kai Zimutta, Julia Hartmann (both M&A, all Düsseldorf).
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